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Art Peck Is Out As Gap's CEO: Here's What Analysts Are Saying
Friday, November 8, 2019 - 5:09pm | 674Read More...Gap Inc (NYSE: GPS) investors were dealt multiple blows as the company announced the resignation of CEO Art Peck along with a disappointing third-quarter and full-year guidance update. The Analysts MKM Partners Roxanne Meyer maintains a Neutral rating on Gap's stock with a fair value estimate...
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Option Traders Make Bullish Bets On Gap Following Guidance Cut, CEO Departure
Friday, November 8, 2019 - 2:07pm | 692Read More...Gap Inc (NYSE: GPS) tanked Friday after the company disappointed the market a weak earnings preannouncement, cut its full-year guidance and announced the surprise departure of its CEO. A number of large option traders reacted to the news with big moves on Friday. Here’s a look at how those...
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Gap Shares Slump As CEO Steps Down
Friday, November 8, 2019 - 3:10am | 334Read More...Gap Inc.'s (NYSE: GPS) President and CEO Art Peck is stepping down immediately, the company said in a statement on Thursday. What Happened Peck’s resignation comes at a time when the San Francisco-based retailer is struggling to maintain its sales numbers. The company’s earnings...
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Old Navy Comp Decline A Worry For Gap
Friday, August 23, 2019 - 2:16pm | 515Read More...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 delivered negative comps. Fixable, But Waiting For Signs Morgan Stanley analyst Kimberly...
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Gap Reports Q2 Earnings Beat, Reaffirms Guidance
Thursday, August 22, 2019 - 4:27pm | 192Read More...Gap Inc (NYSE: GPS) reported a slight second-quarter sales miss after Thursday's bell. Adjusted earnings came in at 63 cents per share, beating estimates by 10 cents. Sales came in at $4 billion, missing estimates by $20 million. The company reaffirmed 2019 adjusted EPS guidance of $2.05-$2.15...
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The Gap Is Splitting; Old Navy To Become Standalone Public Company
Thursday, February 28, 2019 - 5:43pm | 266Read More...Gap Inc (NYSE: GPS) shares are soaring after announcing the company is splitting into two independent publicly traded companies. Gap will split off into Old Navy, and a yet-to-be named company will consist of Gap brand, Athleta, Banana Republic, Intermix and Hill City. The company said the spin-off...
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Gap CEO On The Company's Growth Strategy Going Forward
Tuesday, June 16, 2015 - 12:40pm | 405Read More...Clothing major Gap Inc (NYSE: GPS) announced on Tuesday that it plans to close 175 of its stores in North America over the next couple of years to streamline its store fleet. The company also announced that it will be laying off 250 workers from its corporate headquarters in fiscal year 2015....
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Here Are 6 Reasons Why 1 Analyst Upgraded The Gap
Tuesday, March 3, 2015 - 12:08pm | 178Read More...In a report published Tuesday, FBR & Co. analyst Susan Anderson upgraded shares of Gap Inc (NYSE: GPS) to Outperform as 2015 could prove to be a "breakout" year. Anderson acknowledged the potential for continued segment pressure at the Gap core brand, but the risk is outweighed by...
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Jefferies Positive On The Gap Following Earnings, Wedbush Not So Much
Friday, February 27, 2015 - 12:45pm | 425Read More...Gap Inc (NYSE: GPS) on Thursday reported its fourth quarter results. By Friday morning, several analysts offered their take. Jefferies: It's ‘Simple' In a report published Friday, Jefferies analyst Randal Konik wrote that his view of The Gap is "simple." "...
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Gap's New CEO Art Peck To Take The Company Higher? This Analyst Thinks So
Monday, February 9, 2015 - 2:51pm | 492Read More...When Gap Inc (NYSE: GPS) announced that CEO Glenn Murphy would be retiring, its shares sunk by more than 10 percent the next day. Now that Art Peck has taken over the role at Gap, analysts are divided between those who have faith in him and those who don’t. Adrienne Yih-Tennant from...
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The Gap Inc. Falls On September Sales; Change In CEO
Wednesday, October 8, 2014 - 5:35pm | 265Read More...The Gap Inc. (NYSE: GPS) fell sharply in after-hours trading amid disappointing September sales news and an upcoming change in the CEO. Gap reported that “September 2014 net sales were up 1 percent compared with last year. Net sales for the five-week period ended October 4, 2014 were...
