GPS - The Gap, Inc.

NYSE - NYSE Delayed Price. Currency in USD
16.92
-0.83 (-4.68%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close17.75
Open16.96
Bid16.85 x 4000
Ask17.00 x 1800
Day's Range16.61 - 17.99
52 Week Range15.22 - 31.39
Volume18,694,370
Avg. Volume7,275,365
Market Cap6.395B
Beta (3Y Monthly)0.70
PE Ratio (TTM)6.89
EPS (TTM)2.45
Earnings DateNov 18, 2019 - Nov 22, 2019
Forward Dividend & Yield0.97 (5.46%)
Ex-Dividend Date2019-10-08
1y Target Est20.95
Trade prices are not sourced from all markets
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  • InvestorPlace

    Friday’s Vital Data: Gap, Boeing and Amazon

    U.S. stock futures are trading lower this morning after China said it would impose new tariffs on an additional $75 billion in U.S. goods. Another potentially market-moving event today is an address by Federal Reserve Chair Jerome Powell to economists that could provide further insight into the future path of interest rates.Source: Shutterstock Against this backdrop, futures on the Dow Jones Industrial Average are down 0.52%, and S&P 500 futures are lower by 0.50%. Nasdaq-100 futures have shed 0.75%.In the options pits, call volume won the day Thursday even as overall activity fell below-average levels. Specifically, about 14.8 million calls and 13.3 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, over at the CBOE, the spread between calls and puts narrowed, driving the single-session equity put/call volume ratio back up to 0.74 -- a one-week high. The 10-day moving average held its ground at 0.72.Options activity was buzzing in Gap (NYSE:GAP), Boeing (NYSE:BA) and Amazon (NASDAQ:AMZN), among others.Let's take a closer look: Gap (GPS)The drumbeat of retail earnings continued this morning with Gap. This season some companies like Target (NYSE:TGT) have dazzled while others like Macy's (NYSE:M) have disappointed. Gap split the difference posting mixed results. * 10 Stocks to Own Through a Global Recession For the fiscal second-quarter, the company raked in adjusted earnings-per-share of 63 cents versus estimates of 53 cents. On the top line sales came in at $4.01 billion versus $4.02 billion expected. Same-store sales were particularly disappointing, falling 4% versus an expected decline of 3.1%.GPS stock is trading down just shy of 5% premarket. Because it rallied a similar amount yesterday in anticipation of this morning's event, the damage isn't that bad. The price trend for Gap shares has been bearish for ages, and this report will do little to change the overall posture. If you are shopping in the land of retail stocks, I suggest steering clear of this one until it can at least break above short-term resistance levels such as the $19 zone.As far as options trading goes, speculators favored calls throughout the day. Activity zipped to a whopping 1,186% of the average daily volume, with 119,063 total contracts traded; 70% of the trading came from call options alone.Implied volatility was running hot ahead of this morning's report. At 73%, it was perched at the 100th percentile of its one-year range. Premiums were baking in a move of $2.23 or 12.6%. So with the stock only falling 4.8%, it's fair to say options buyers way overpaid for their wares. Boeing (BA)Negative news surrounding Boeing's 737 MAX jets has hounded the stock for months now. But yesterday the ailing aerospace juggernaut finally received some good news. According to a Reuters report, the company is planning to begin manufacturing 737 MAX jets again in February at an initial pace of 52 planes per month. The plans hinge on regulators giving the green light for the aircraft to fly once more.BA stock took flight on the news, climbing 4.2% on its highest volume session of the month. The gains were enough to carry the stock north of its 50-day moving average for the first time since last month's earnings ugliness ushered it to the south side of the indicator.Much work remains before BA stock reclaims its former glory, but Thursday's rally could be the first step in reversing its downtrend higher. Look for a run toward the next resistance zone at $380.On the options trading front, call popularity popped alongside the stock. Total activity grew to 67% of the average daily volume, with 211,756 contracts traded. Calls claimed 67% of the take.Implied volatility lifted slightly reflecting increased demand for derivatives. At 29% it now sits at the 30th percentile of its one-year range. Premiums are pricing in daily moves of $6.53 or 1.8% so set your expectations accordingly. Amazon (AMZN)Resistance hangs heavy over Amazon shares, rejecting yet another rally attempt on Thursday. The $1,830 zone has denied no less than five breakout bids over the past month. Yesterday marked the latest rejection ending with a bearish reversal candle. The descending 20-day moving average is also now exerting downward pressure on the shares.On a bright note, the clarity of where resistance lies makes it easy to identify when and if one should become bullish on AMZN stock. If we can close above $1,830, then swing away with bull plays. Otherwise, sellers hold the upper hand. * 7 Internet of Things Stocks to Buy Now The action on the options trading side wasn't all that exciting, and yet AMZN still landed atop the leaderboard. Calls outpaced puts by a slim margin despite the price drop. Activity fell short on the session adding to 92% of the average daily volume, with 153,276 total contracts traded. Calls accounted for 53% of the session's sum.Implied volatility held firm at 25% or the 10th percentile of its one-year range. Premiums are cheap, which increases the appeal of long option plays like debit spreads. Premiums are baking in daily moves of $28.59 or 1.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Friday's Vital Data: Gap, Boeing and Amazon appeared first on InvestorPlace.

  • Benzinga

    Old Navy Comp Decline A Worry For Gap

    Gap Inc (NYSE: GPS ) shares are falling after reporting a second-quarter sales miss . Gap CEO Art Peck said the company was facing a difficult competitive environment after all three divisions of the company ...

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  • 2 US Apparel Store Stocks Report 2nd-Quarter Results
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    2 US Apparel Store Stocks Report 2nd-Quarter Results

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  • Gap (GPS) Q2 Earnings Beat Estimates, Soft Comps Hurt Sales
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    Gap (GPS) Q2 Earnings Beat Estimates, Soft Comps Hurt Sales

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    Gap Inc (GPS) Q2 2019 Earnings Call Transcript

    GPS earnings call for the period ending August 3, 2019.

  • TheStreet.com

    [video]Gap Same-Store Sales Fall 4%, Old Navy Sales Drop More Than Expected

    Shares of Gap traded slightly higher in premarket trading Friday after the retailer reported declines in same-store-sales across its brands during the second quarter. The apparel company, which owns the brands The Gap, Banana Republic and Old Navy, said sales at comparable stores fell 4% in the second quarter vs. an increase of 2% in the same period a year ago. Same-store sales at Banana Republic fell 3% in the second quarter compared with a year-earlier gain of 2%.

  • Gap (GPS) Q2 Earnings Top Estimates
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  • Barrons.com

    Gap’s Sales Worsen at Old Navy Brand

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  • Reuters

    UPDATE 1-Gap same-store sales disappoint as Old Navy struggles

    Gap Inc posted quarterly same-store sales that fell short of analysts' estimates on Thursday, as Old Navy suffered its worse comparable sales figures in three years ahead of a planned spin-off of the brand. Old Navy, which offers more affordable clothing and accessories, has been a bright spot for the company in the past. Overall, sales at the company's Gap, Old Navy and other stores open for at least a year fell 4% in the second quarter ended Aug. 3, compared with analysts' estimates of a 3.09% drop, according to IBES data from Refinitiv.

  • MarketWatch

    Gap stock falls after company's Q2 same-store sales fall

    Shares of Gap Inc. fell 7% in the extended session Thursday after the retailer reported adjusted profit above expectations but same-store sales disappointed. Gap said it earned $168 million, or 44 cents a share, in the quarter, compared with $297 million, or 76 cents a share, in the year-ago quarter. Adjusted for one-time items, Gap said it earned 63 cents a share. Sales fell to $4 billion, from $4.09 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 53 cents a share on sales of $4.02 billion. Same-store sales were down 4% in the quarter, compared with a 2% increase a year ago. Gap also updated its EPS guidance for the year, saying it expects adjusted profit to range between $2.05 a share and $2.15 a share. The analysts surveyed by FactSet expect adjusted EPS of $2.06 for the year. "We are operating in a challenging environment, but I remain confident in the strength of our brands and our plans for the future as we work to launch two independent, public companies," Chief Executive Art Peck said in a statement. Gap continues to expect to close about 30 company-operated stores in the year. The stock ended the regular trading session up 4.7%.

  • Gap same-store sales disappoint as Old Navy struggles
    Reuters

    Gap same-store sales disappoint as Old Navy struggles

    Old Navy, which offers more affordable clothing and accessories, has been a bright spot for the company in the past. Overall, sales at the company's Gap, Old Navy and other stores open for at least a year fell 4% in the second quarter ended Aug. 3, compared with analysts' estimates of a 3.09% drop, according to IBES data from Refinitiv.

  • Benzinga

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  • Business Wire

    Gap Inc. Reports Second Quarter Results

    Gap Inc. today reported diluted earnings per share of $0.44 on a reported basis, and $0.63 on an adjusted basis, excluding costs associated with the company’s planned separation, tax impacts related to new guidance regarding the Tax Cuts and Jobs Act of 2017, and costs related to the previously announced specialty fleet restructuring.

  • Implied Volatility Surging for Gap (GPS) Stock Options
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  • Gap Q2 Earnings Preview
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  • Investing.com

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  • Barrons.com

    Gap Reports Earnings Today. Here’s What to Expect.

    (GPS) has had a tough year. The company’s shares have dropped more than 30% so far in 2019, as it attempts to engineer a turnaround before spinning off its Old Navy brand next year. Comparable sales in all three of its major brands—The Gap, Old Navy, and Banana Republic—declined, and company management said it expected same-store sales to decline this year. Gap stock (ticker: GPS) has declined 18% since its last earnings report on May 30.

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  • The state of retail
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    The state of retail

    The retail earnings parade in full swing this week, with The Gap reporting results on Thursday. Retail Trends Analyst Charcy Evers joins Yahoo Finance’s Myles Udland and Jen Rogers to discuss.

  • Amid retail tear, Gap earnings likely to fall short
    Yahoo Finance Video

    Amid retail tear, Gap earnings likely to fall short

    Yahoo Finance's Brian Sozzi previews Gap's earnings, due out at the end of training Thursday.