|Bid||0.00 x 1800|
|Ask||0.00 x 1000|
|Day's Range||24.25 - 25.41|
|52 Week Range||24.25 - 35.68|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||10.82|
|Earnings Date||Nov 14, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||0.97 (3.75%)|
|1y Target Est||31.75|
Gap stock (NYSE:GPS) was sliding late in the day Tuesday as the company reported its latest quarterly earnings results, which beat analysts’ expectations but its profit outlook for the current quarter was cut by the retailer. The apparel store chain said that for its third quarter of its fiscal 2018, it brought in adjusted earnings of 69 cents per share, which is stronger than the 68 cents per share that analysts were calling for in their consensus estimate. The company’s revenue for the period tallied up to $4.1 billion, beating the $3.89 billion that analysts projected.
Inc. said it exploring whether to close hundreds of underperforming stores at its namesake brand, after the unit reported a 7% decline in quarterly comparable sales. said Tuesday he was reviewing some flagship locations as well as “hundreds of other stores” based of profits, traffic trends or other factors. “I plan to exit those that do not fit the future vision quickly,” Mr. Peck said on a conference call Tuesday, promising to update investors with more details at a later date.
The Gap brand, struggling with a switch by young shoppers to fast-fashion from rivals such as such as H&M (HMb.ST) and Inditex (ITX.MC) Zara, has in recent quarters faced a spike in inventories, largely due to older styles. Same-store sales at the Gap brand fell 7 percent in the third quarter, much bigger than the 4 percent drop analysts had expected, according to IBES data from Refinitiv. "Based on current projections, we would expect Gap brand to show sequential progress but still be down for the year," Chief Financial Officer Teri List-Stoll said on a post-earnings call.
Gap Inc reported quarterly same-store sales below analysts' estimates on Tuesday, dragged down by another weak performance in its namesake brand, indicating that the apparel retailer needs to double down on efforts to reduce excess inventory and to revive sales. The Gap brand, struggling with a switch by young shoppers to fast-fashion from rivals such as such as H&M and Inditex Zara, has in recent quarters faced a spike in inventories, largely due to older styles. Same-store sales at the Gap brand fell 7 percent in the third quarter, much bigger than the 4 percent drop analysts had expected, according to IBES data from Refinitiv.
Its namesake brand was flailing even as Old Navy remained strong and Banana Republic appeared to be healing. Gap reported late Tuesday that its company-wide comparable sales were flat compared to a year earlier. Results were dragged down by the Gap chain, where revenue by that measure sank 7 percent from a year earlier.
Shares of Gap Inc. wavered between gains and losses in the extended session Tuesday after the retailer reported third-quarter results that narrowly beat Wall Street expectations and said it remained concerned about its namesake's Gap brand. Its other brands such as Old Navy and Banana Republic reported "solid performance" and sales growth, but Gap same-store sales fell 7%, the company said. Overall, same-store sales were flat in the quarter, compared with a 3% increase last year. Gap said it continues to expect fiscal 2018 sales flat to up slightly. Gap said it earned $266 million, or 69 cents a share, in the quarter, compared with $229 million, or 58 cents a share, in the year-ago period. Revenue rose 7% to $4.1 billion from $3.8 billion a year ago. Analysts polled by FactSet had expected EPS of 67 cents a share on sales of $4 billion. Gap tweaked its EPS guidance for fiscal 2018 to a range between $2.55 and $2.60. The analysts surveyed by FactSet expect a fiscal 2018 EPS around $2.56. Gap shares ended the regular trading session down 3.1%.
Apparel retailer Gap Inc missed analysts' estimates for quarterly same-store sales on Tuesday, hit by another poor performance in its namesake brand. Gap, which also owns the Old Navy casual clothing brand ...
SAN FRANCISCO-- -- Narrows Full-Year Earnings Per Share Guidance Range to $2.55 to $2.60, Compared with Previous Guidance of $2.55 to $2.70 Distributed $581 Million to Shareholders Through Share Repurchases and Dividends Year-to-Date Gap Inc. today reported third quarter fiscal year 2018 diluted earnings per share of $0.69 compared with third quarter fiscal year 2017 diluted earnings per share of $0.58. ...
The majority of Wall Street analysts covering L Brands (LB) have maintained a “hold” rating on the stock. As of November 15, of the 28 analysts covering the stock, 29.0% recommended a “buy.” Another 57.0% recommended a “hold,” and the remaining 14.0% recommended a “sell.”
Art Peck became the CEO of The Gap Inc (NYSE:GPS) in 2015. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. Read More...
On a consolidated basis, Gap stock is cheap. American Eagle Outfitters (NYSE:AEO), despite torrid performance from its Aerie business, is at 13x, as is Victoria’s Secret owner L Brands (NYSE:LB). Given the pressures in mall retail, and what looks like meager underlying growth for Gap Inc, the soft multiple assigned GPS stock isn’t an enormous surprise.
As of November 15, L Brands (LB) stock price is down 40.7% on a YTD basis to $35.69. Weakness in Victoria Secret lingerie and the PINK lingerie business is a cause of concern. Meanwhile, apparel players like Abercrombie & Fitch (ANF), American Eagle Outfitter (AEO), and Urban Outfitters (URBN) have gained 0.6%, 11.3%, and 8.3%, respectively. However, Gap (GPS) is down 23.0% to $26.22 as of November 15.
The "Mad Money" host will be watching for include key housing data, as well as news on interest rates and a potential trade deal. CNBC's Jim Cramer will be seeking out "man-made" buying opportunities for investors in the short week before Thanksgiving Day. "Immediately, there were questions about ... the validity or the sincerity of both of these statements," Cramer noted, referencing his own concern about the Fed's lack of rigor in its policymaking.
Air quality in the Bay Area reached "very unhealthy" levels on Thursday night, prompting companies to encourage employees to work from home or shut down their offices altogether.
Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks. Wall Street has been struggling with uncertainty over U.S. congressional midterm elections, the path of interest rate hikes by the Federal Reserve, tariffs, the trade war and the possibility corporate earnings have already peaked. After an October that saw the S&P 500 (.SPX) slump nearly 7 percent, Wall Street has struggled to find its footing, rising 0.7 percent so far in November.
Gap Inc. today announced its board of directors authorized a fourth quarter fiscal year 2018 dividend of $0.2425 per share, payable on or after January 30, 2019 to shareholders of record at the close of business on January 9, 2019.
Billionaire money manager and author Ray Dalio founded Bridgewater Associates in 1973 and has made a lot of people a lot of money since then, including himself. Dalio is currently ranked 54th on Forbes’ list of the richest people in the world, with an estimated net worth of $18.1 billion. While Dalio is no longer […]
Gap (GPS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gap's (GPS) solid focus on enhancing omni-channel capabilities, including e-commerce growth is likely to boost third-quarter fiscal 2018 results.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we’ll show how The Gap Inc’s (NYSE:GPS) P/E Read More...
Gap's (GPS) deal with Microsoft for the Azure cloud services is likely to enhance customer experience and expand its digital business.
The Rolex Oyster Perpetual was the first watch (along with the Smiths De-Luxe) to reach the top of Everest when Sir Edmund Hillary and Tenzing Norgay scaled the mountain’s south summit on May 29 1953. In 1971-72, when explorer Major John Blashford-Snell led the 18,000-mile, British trans-Americas expedition, which included the first vehicle crossing of the Darién Gap between Panama and Colombia, his team was equipped with El Primero chronographs made by the now LVMH-owned brand Zenith.