GAP Latest Quarter Performance Encourages Evercore ISI to Raise Price Target to $33 [Yahoo! Finance]
Gap, Inc. (The) (GAP)
US:NYSE Investor Relations:
greatatlanticinc.com
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Source: Yahoo! Finance
This optimistic step has been taken after Gap Inc. posted better than expected revenues in its latest quarter despite a 1.5% decline of the overall apparel industry. The gross margin also rose to 42.7% or 140 basis points from the previous year. This rise was mainly attributable to merchandise margin growth and the ROD leverage. And the overall same-sales-store grew only 1% slightly below 1.5% of consensus expectation, but still above Evercore ISI's estimation of 0.9% growth. Warning! GuruFocus has detected 5 Warning Sign with NTAP. Meanwhile the Old Navy's same store sales (SSS) in the last quarter were stagnant year-on-year allegedly due to warm weather that impact the sales. Nonetheless, this slight disappointment puts forward the conservative fourth quarter guidance by the Gap Inc., which may call for better trends in the future. Based on the one-year price targets offered by 17 analysts, the average target price for Gap Inc is $27.69 with a high estimate of $35.00 and a l
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GAP
News
- The Gap, Inc. (NYSE: GAP) had its price target raised by analysts at UBS Group AG from $14.00 to $16.00. They now have a "sell" rating on the stock.MarketBeat
- Retail Stocks Soar Into the Holidays as Gap Leads Wall Street Rally [Yahoo! Finance]Yahoo! Finance
- Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View [Yahoo! Finance]Yahoo! Finance
- The Gap, Inc. (NYSE: GAP) had its "buy" rating re-affirmed by analysts at Guggenheim. They now have a $35.00 price target on the stock.MarketBeat
- The Gap: Brand Momentum Can Carry Shares Higher (Upgrade) [Seeking Alpha]Seeking Alpha
GAP
Earnings
- 11/21/24 - Beat
GAP
Sec Filings
- 11/21/24 - Form 8-K
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- GAP's page on the SEC website