GPS - The Gap, Inc.

NYSE - NYSE Delayed Price. Currency in USD
18.14
-0.19 (-1.04%)
At close: 4:04PM EST
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Previous Close18.33
Open18.29
Bid18.10 x 900
Ask18.72 x 4000
Day's Range18.07 - 18.43
52 Week Range15.11 - 31.39
Volume4,745,770
Avg. Volume5,546,560
Market Cap6.772B
Beta (5Y Monthly)0.75
PE Ratio (TTM)8.46
EPS (TTM)2.14
Earnings DateMar 11, 2020
Forward Dividend & Yield0.97 (5.29%)
Ex-Dividend DateJan 06, 2020
1y Target Est17.16
  • Business Wire

    Gap Inc. Updates Date for Fourth Quarter Fiscal 2019 Report

    Gap Inc. (NYSE: GPS) will report its fourth quarter 2019 earnings results by press release on March 12, 2020 at 1:15 p.m. Pacific Time.

  • Former Athleta CEO joins Allbirds board of directors
    American City Business Journals

    Former Athleta CEO joins Allbirds board of directors

    Former Athleta CEO Nancy Green has joined the board of directors at environmentally-conscious footwear company Allbirds. During her six-year tenure at the athletic wear brand, Green grew Athleta’s sales from $250 million to nearly $1 billion while encouraging sustainability practices and achieving a goal of making 60 percent of Athleta apparel out of recycled and sustainable materials. Green led the effort to have Athleta designated as a B-Corporation, a certification based on a company’s social and environmental performance, public transparency and legal accountability, and also serves on the Gap Inc. Sustainability Board.

  • The 19 companies with CEOs paid over 1,000x more than the median employee
    Yahoo Finance

    The 19 companies with CEOs paid over 1,000x more than the median employee

    19 companies have the biggest CEO-worker pay differences, according to a report.

  • 5 Retailers Likely to Emerge Winners This Earnings Season
    Zacks

    5 Retailers Likely to Emerge Winners This Earnings Season

    The sector's quarterly reports are likely to reflect benefits from constant omnichannel initiatives, brand introduction, store expansion and remodeling, and efforts to enhance delivery services.

  • Victoria's Secret to close one of its area locations
    American City Business Journals

    Victoria's Secret to close one of its area locations

    Victoria's Secret will close one of its Orlando stores on Wednesday, Feb. 5. The retailer will close its location at the Oviedo Mall, Columbus, Ohio-based parent company L Brands Inc. (NYSE: LB) told Orlando Business Journal via an emailed response. "Victoria's Secret has eight additional locations in the Orlando area, none of which are scheduled to close." The company did not comment on whether or not any other Florida stores will close.

  • How's Columbia Sportswear (COLM) Placed Ahead of Q4 Earnings?
    Zacks

    How's Columbia Sportswear (COLM) Placed Ahead of Q4 Earnings?

    Columbia Sportswear's (COLM) fourth-quarter 2019 results are likely to reflect gains from the DTC business and Project CONNECT. However, increased investments might have hurt earnings.

  • Prestige Consumer (PBH) to Post Q3 Earnings: Things to Know
    Zacks

    Prestige Consumer (PBH) to Post Q3 Earnings: Things to Know

    Prestige Consumer's (PBH) third-quarter fiscal 2020 results are likely to reflect gains from the International unit. However, weakness in the North America unit and currency woes are concerning.

  • Factors Likely to Decide Hanesbrands (HBI) Fate in Q4 Earnings
    Zacks

    Factors Likely to Decide Hanesbrands (HBI) Fate in Q4 Earnings

    Impacts of soft innerwear segment and currency woes are likely to get reflected in Hanesbrands' (HBI) Q4 results. Nevertheless, strength in Champions brand and Project Booster plan bode well.

  • Will Higher Revenues Drive Skechers' (SKX) Q4 Earnings?
    Zacks

    Will Higher Revenues Drive Skechers' (SKX) Q4 Earnings?

    Skechers' (SKX) focus on new lines of products, cost-containment efforts, inventory management and global distribution platform is likely to show on fourth-quarter performance.

  • Tapestry (TPR) to Report Q2 Earnings: What Awaits the Stock?
    Zacks

    Tapestry (TPR) to Report Q2 Earnings: What Awaits the Stock?

    Unfavorable currency movements, soft margins and weakness in Kate Spade brand are likely to have impacted Tapestry's (TPR) Q2 results. Management expects high-single-digit decline in Kate Spade comps.

  • Here's How Sally Beauty (SBH) Looks Ahead of Q1 Earnings
    Zacks

    Here's How Sally Beauty (SBH) Looks Ahead of Q1 Earnings

    Impacts of soft SBS unit and higher SG&A costs are likely to get reflected in Sally Beauty's (SBH) first-quarter fiscal 2020 results. Nevertheless, the Transformation Plan and supply-chain efforts bode well.

  • E-commerce surge sparks questions about reliability of same-store sales metric
    MarketWatch

    E-commerce surge sparks questions about reliability of same-store sales metric

    Experts say there should be a discussion about metrics besides same-store sales now that so much shopping is done online.

  • Can Gap (GPS) Keep the Earnings Surprise Streak Alive?
    Zacks

    Can Gap (GPS) Keep the Earnings Surprise Streak Alive?

    Gap (GPS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Factors to Know Ahead of Capri Holdings' (CPRI) Q3 Earnings
    Zacks

    Factors to Know Ahead of Capri Holdings' (CPRI) Q3 Earnings

    Capri Holdings (CPRI) expects low single digit increase in comparable store sales but lower operating margin at Michael Kors in the third quarter.

  • Moody's

    Tanger Properties Limited Partnership -- Moody's downgrades Tanger Properties' rating to Baa2; outlook remains negative

    Moody's Investors Service ("Moody's") downgraded Tanger Properties Limited Partnership's ("Tanger's") senior unsecured ratings to Baa2 from Baa1. The downgrade reflects Tanger's 2020 guidance for lower occupancy levels and negative same store growth, with occupancy expected to be between 92% and 93% and same-store NOI guidance between (6.75%) and (8.25%). Despite having sufficient liquidity and coverage metrics at YE19 that are within the rating parameters for a Baa1 rated entity, Tanger's operating trends are no longer commensurate with the rating category.

  • Victoria’s Secret Needs a Different Kind of Angel
    Bloomberg

    Victoria’s Secret Needs a Different Kind of Angel

    (Bloomberg Opinion) -- L Brands Inc. is emerging as one of the companies most damaged by the MeToo era.The Wall Street Journal reported on Wednesday that billionaire Leslie Wexner, the founder of the retail group, was in discussions to step aside as chief executive. At the same time, the company is exploring alternatives for Victoria’s Secret — its once prized and now struggling lingerie chain — including a full or partial sale, the Journal said.Both are key moments for L Brands. Wexner, the longest-serving CEO in the S&P 500 Index, built up the company over decades, but had drawn attention for his association with the late financier Jeffery Epstein, who died while under arrest facing sex-trafficking charges. Meanwhile, Victoria’s Secret’s oversexed image looks incongruous against the new mood in fashion and luxury. Famed for its opulent catwalk shows, the chain canceled the event last year, and analysts at Jefferies said recently that the brand was becoming “irrelevant.”Victoria’s Secret certainly is in need of a radical revamp; the group has already begun this process, introducing new products, and updating its marketing. But these moves haven’t yet paid off. L Brands reported disappointing holiday sales, and cut its profit guidance, with same-store sales at Victoria’s Secret falling 12% in November and December.A more far-reaching overhaul for Victoria’s Secret is necessary, aligning its lingerie more closely with changing consumer tastes, emphasizing inclusivity and different body shapes, which could help it attract a younger customer.  Athletic wear and beauty also offer more opportunities. But it also needs to cut back on discounting and likely close a large swath of its 1,200 stores. These steps are painful, and would better much better carried out in the private sector, away from the scrutiny of quarterly earnings.It’s hard to put a value on the business. It had sales $7.4 billion in 2019. But Jamie Merriman, analyst at Bernstein, said that profitability is close to zero. Consequently, she ascribes no value to the business. Any potential buyer will need to invest significantly as well as bear the cost of store closures. Debt will also need to be apportioned, which could affect a new owner’s ability to borrow.So L Brands won’t be able to count on a big pay-day from ridding itself of what was once a coveted brand. It should benefit, however, from being able to concentrate on Bath & Body Works, which is thriving and could deliver more value to shareholders. Merriman estimates Bath & Body Works could command an enterprise value of $11.4 billion, based on a valuation assumption of nine times earnings before interest and tax. Subtracting debt of $4.7 billion, would give an equity value of $6.7 billion, above L Brands’ $5.7 billion market value as of the close of trading Tuesday. This helps explain why L Brands’ shares surged 13 percent on the news in early trading Wednesday.  But investors should be wary on two counts. First, Victoria’s Secret wouldn’t be an easy deal for private equity, given the scale of the challenges. Second, investors should be mindful of the situation at Gap Inc., which intended to split into two companies, one containing its namesake brand and the other the faster-growing Old Navy. It ended up ditching this plan after Old Navy’s comparable sales growth weakened and it faced high costs related to establishing the brand as a stand-alone company. L Brands could come under similar pressures if Bath & Body Works were to lose momentum.Victoria’s Secret clearly needs a new angel. Finding one might be too much of a miracle to pull off.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Gap's (GPS) Canceled Spin-Off Aids, Transformation in Focus
    Zacks

    Gap's (GPS) Canceled Spin-Off Aids, Transformation in Focus

    Gap (GPS) benefits from the decision to cancel the spin-off of Old Navy into a stand-alone company. Further, efforts to revive the Gap and Banana Republic brands bode well.

  • Top Consumer Discretionary Stocks for February 2020
    Investopedia

    Top Consumer Discretionary Stocks for February 2020

    These are the consumer discretionary stocks with the best value, fastest growth, and most momentum for February 2020.

  • Retail-Apparel & Shoes Industry Outlook: Prospects Bright
    Zacks

    Retail-Apparel & Shoes Industry Outlook: Prospects Bright

    Retail-Apparel & Shoes Industry Outlook: Prospects Bright

  • Dillard's Launches Activewear Brand, Diversifies Portfolio
    Zacks

    Dillard's Launches Activewear Brand, Diversifies Portfolio

    Dillard's (DDS) unveils an activewear brand, Antonio Melani Active. This lifestyle brand is likely to help the company grab a share of the fast-growing activewear market.

  • Should Value Investors Buy Gap (GPS) Stock?
    Zacks

    Should Value Investors Buy Gap (GPS) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Gap’s troubles persist but at least the Old Navy spinoff isn’t happening, analysts say
    MarketWatch

    Gap’s troubles persist but at least the Old Navy spinoff isn’t happening, analysts say

    Gap Inc.’s decision to call off the Old Navy spinoff resolves one issue for the troubled retailer, but there are many more to deal with, according to analysts. “While this decision is surprising given management’s prior conviction behind it, we applaud the revised strategy and continue to believe it makes significantly more sense to keep Old Navy intact (even more so given recent Old Navy performance),” MKM Partners’ Managing Director Roxanne Meyer wrote in a note. Gap’s Interim Chief Executive Robert Fisher gave three reasons for why the separation would not happen during its most recent earnings call.

  • Company News for Jan 20, 2020
    Zacks

    Company News for Jan 20, 2020

    Companies in the news are: GPS, IMBI, TLRD, STT

  • Why The Gap, Inc. (NYSE:GPS) Looks Like A Quality Company
    Simply Wall St.

    Why The Gap, Inc. (NYSE:GPS) Looks Like A Quality Company

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Barrons.com

    Gap Canceled Its Old Navy Spinoff. That’s Good News for the Stock.

    The pessimism over the stock may be overdone, analysts say. Gap, with new management, now has room to maneuver through its turnaround efforts.