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The Earnings Game Is Not Over For Gap
Friday, November 22, 2019 - 11:41am | 896Read More...Gap Inc (NYSE: GPS) is officially back in the game as the company reported fiscal third-quarter earnings. The retail company managed to exceed diminished expectations, causing its stock to bounce back from the dead after falling almost 40% so far this year, and to make it worse, while the S&P...
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Tuesday's Market Minute: Earnings Stumble Out Of The Gate
Tuesday, November 19, 2019 - 10:20am | 491Read More...Earnings are off to a poorer start this week as Home Depot Inc (NYSE: HD) and Kohl's Corporation (NYSE: KSS) both missed. Although Home Depot reported revenue was impacted by investments into its business, which may pay off in the longer term, it cut its guidance for the second quarter in...
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Flat Start Seems Likely Even After Strong Disney Results, But Gap Shares Get Slammed
Friday, November 8, 2019 - 10:41am | 2314Read More...After a week of making new highs, the market might be entering “maintenance” mode going into the weekend. Optimism around trade has waned a little, so holding close to the flat line today might be a victory. With stocks at these levels, no one should get too worked up if they don...
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Analysts Took A Little Field Trip To The Gap's HQ; Here's What They Learned
Wednesday, October 12, 2016 - 2:01pm | 351Read More...After a rough couple of years, the latest numbers from Gap Inc (NYSE: GPS) suggest the company may be on the brink of a turnaround. According to Jefferies analyst Randal Konik, Gap investors now have more reasons to be bullish than bearish. After meeting with company management, Konik now sees...
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Gap Closing Stores, But There's No Catalyst
Friday, May 20, 2016 - 10:17am | 270Read More...Although 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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Gap Earnings: What Top Street Analysts Think
Thursday, May 21, 2015 - 2:12pm | 500Read More...With Gap Inc (NYSE: GPS) set to release earnings on Thursday after the market closes, now is a good time to take a look at what Wall Street thinks of the clothing retailer. Wall Street consensus estimates for The Gap are currently earnings per share (EPS) of $0.56 on $3.70 billion in revenue....
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What The Street Thinks Of The Gap's Mixed March Sales
Monday, April 13, 2015 - 12:14pm | 388Read More...Gap Inc (NYSE: GPS) announced March sales on April 9. Although Gap stated that net sales increased 1 percent from the same period a year prior, only Old Navy posted a positive sales increase. Old Navy’s sales increased 14 percent, while Gap’s and Banana Republic’s sales...
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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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Here's Why Mizuho Downgraded The Gap To Neutral
Tuesday, February 10, 2015 - 11:43am | 184Read More...Betty Chen of Mizuho Securities on Tuesday downgraded shares of The Gap (NYSE: GPS) to Neutral from Buy with a price target lowered to $43 from a previous $45 as 2015 earnings are likely to be impacted by product adjustments, foreign exchange woes and stagnant margins. Chen states that ongoing...
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Sterne Agee Answers: Who Was More Promotional During Cyber Monday?
Tuesday, December 2, 2014 - 11:50am | 291Read More...Ike Boruchow of Sterne Agee commented in a note on Tuesday that there was a “noticeable step-down” in discounting for retailers during Cyber Monday following a “highly promotional” Black Friday weekend. According to Boruchow's checks, only 33 percent of the 43 brands...
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Mizuho: Expect Mixed November Comps For The Gap, L Brands And Zumiez
Tuesday, December 2, 2014 - 10:01am | 252Read More...Betty Chen of Mizuho Securities is expecting most retailers to demonstrate “flattish” sales trends in their November sales reports. “Lower gas prices and improving unemployment trends have not been overtly visible in overall consumer spending,” Chen wrote in a note on...
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Mizuho Securities: Gap's Q4 Guidance 'Reflects Continued Woes'
Friday, November 21, 2014 - 10:15am | 262Read More...Following 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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Dow, S&P 500 Close At Record Highs
Wednesday, November 5, 2014 - 6:04pm | 859Read More...U.S. stocks were mostly higher after Republicans took control of the Senate after Tuesday's elections as the Dow Jones Industrial Average (INDEXDJX: .DJI) and S&P 500 (INDEXSP: .INX) both closed at historical all-time highs. "Congress will pass some bills I cannot sign; I'm...
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Drug Retailers Block Apple Pay, Rival Product May Be Introduced
Monday, October 27, 2014 - 9:01am | 282Read More...Drug retailers Rite Aid Corporation (NYSE: RAD) and CVS Health Corp (NYSE: CVS) will not offer customers the opportunity to pay for purchases with Apple Inc.'s (NASDAQ: AAPL) mobile wallet system, Apple Pay. According to the New York Times, the move to block out Apple Pay is due...
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Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
Thursday, October 16, 2014 - 5:07pm | 2915Read More...U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
