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Stifel Responds To Gap's September Numbers: 'Old Navy On Fire'
Friday, October 7, 2016 - 2:21pm | 262Stifel reiterated its Hold rating on the shares of Gap Inc (NYSE: GPS), as it anticipated continued challenges at its Gap and Banana divisions in the near term. Commenting on Old Navy's fall product as appealing and well assorted, the firm said results at Old Navy were encouraging. Analyst Richard...
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7 Retails Stocks In Focus After September Sales Data Released
Friday, October 7, 2016 - 12:15pm | 750Wedbush said in a research note released Friday it believes trends improved modestly versus August due to strength over the Labor Day weekend. Reviewing the September sales data of soft-line retailers, analyst Morry Brown noted that L Brands Inc (NYSE: LB) reported results mostly above the...
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UBS Is Still Selling Gap Shares
Friday, August 19, 2016 - 3:47pm | 311UBS maintains its Sell rating on Gap Inc (NYSE: GPS), despite the second-quarter beat, on reduced cost cutting opportunity and low same-store sales visibility. Gap reported second-quarter EPS of $0.60, better than the consensus view of $0.59, driven by better-than-expected gross margin and...
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Did Mall Retailers Have A Happy Fourth Of July?
Tuesday, July 5, 2016 - 3:02pm | 382Randal J. Konik of Jefferies believes retailers benefited over the Fourth of July weekend from a combination of weather, promotions and healthy traffic. In a research report published Tuesday, Konik offered a deep dive into the retailing sector and included first hand observations. Overall, most...
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Gap Closing Stores, But There's No Catalyst
Friday, May 20, 2016 - 10:17am | 270Although Gap Inc (NYSE: GPS) reported its 1Q EPS in line with expectations, the company withdrew its FY16 EPS guidance. UBS’s Michael Binetti maintains a Sell rating on the company, while lowering the price target from $18 to $16. 1Q And Updates Binetti mentioned that Gap reported its 1Q EPS...
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Goldman Weighs In After Gap, Old Navy And Banana Republic All Miss Estimates
Tuesday, May 10, 2016 - 4:42pm | 228Goldman Sachs trimmed its estimates and price target on Gap Inc (NYSE: GPS) after the apparel retailer's April comps missed Street view and guided first quarter earnings below consensus. The company's consolidated April comparable store sales fell 7 percent, missing consensus estimate...
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Credit Suisse Stays Underperform On Gap As Spring Sales Fail To Blossom
Tuesday, May 10, 2016 - 4:13pm | 361Credit Suisse maintains its Underperform rating on Gap Inc (NYSE: GPS), saying structural challenges continue to offset any product and design enhancement. The retailer, which was expecting the Spring collection to boost the results, reported 7 percent fall in April comps down versus CS expectation...
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RBC On Gap: Too Soon To Call A Bottom
Tuesday, May 10, 2016 - 4:09pm | 398RBC Capital Markets analysts Brian Tunick and Kate Fitzsimons said Gap Inc (NYSE: GPS) shares dropped more than 12 percent as traffic volatility has kept the issue "on defense." While the analyst said it is too soon to call a bottom, the brokerage maintains its Sector Perform rating, with a reduced...
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August Retail Sales: The Early-Month Tax Holiday, Labor Day Shift And Three Brands To Look At
Saturday, September 5, 2015 - 11:30am | 485In a report issued Friday, Wedbush analysts Morry Brown and Taryn Kuida shared a recap of August retail sales, which came in mixed, but largely in line with expectations. “Labor Day shift more than offsets [the] early month tax holiday benefit,” the report stated. Same store sales...
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A Preview Of Same-Store Sales At The Gap, L Brands
Tuesday, June 2, 2015 - 10:45am | 465Several retailers release monthly sales metrics to the investment community. Two of the most notable retailers to do so include Gap Inc (NYSE: GPS) and L Brands Inc (NYSE: LB). Here is what Susan Anderson of FBR & Co. is expecting from the retailers May sales. Gap: Comps Under Pressure,...
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Wall Street's Reaction To Gap's Q1 Earnings
Friday, May 22, 2015 - 1:13pm | 506Gap Inc (NYSE: GPS) reported a decline in its earnings for the first quarter on Thursday. Here is how some of Wall Street's top retail analysts responded. Topeka: Q1 As Expected In a brief note, Dorothy Lakner said Gap's first quarter print came in as expected, with reaffirmed...
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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 | 492When 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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Mizuho Securities: Gap's Q4 Guidance 'Reflects Continued Woes'
Friday, November 21, 2014 - 10:15am | 262Following The Gap Inc.'s (NYSE: GPS) third-quarter results issued on Thursday, Betty Chen of Mizuho Securities maintained a Buy rating on shares with a price target lowered to $45 from a previous $47. “Although we are encouraged by the team's ability to skew the assortment toward...
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Banana Republic Creates 'Startup Guy' Look
Tuesday, July 22, 2014 - 3:04pm | 792Banana Republic, a subsidiary of Gap (NYSE: GPS), sent out an email last month with a look labeled as the “Startup Guy.” The outfit in question features a half-tucked button down, rolled-up khakis and (what appear to be) suede Oxford-style shoes. It's part of Banana Republic...
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Report: J. Crew Considering Going Public This Year
Friday, February 28, 2014 - 5:20pm | 589First lady, Michelle Obama is a big fan of clothing retailer, J. Crew. The company will need to pick up quite a few more supporters if it decides to go public later this year, as reported by Bloomberg. While nobody is talking on the record, including TPG spokesman Owen Blicksilver and Margot...