The company has a 50-day moving average price of $36.29 and a 200-day moving average price of $39.30.
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Hole Inc. expects to earn between $2.75 and $2.80 per share for the yr. FactSet says analysts anticipate $2.74 per share on common.
Gap (NYSE:GPS) was upgraded by Zacks from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Market Beat reports.
Tight inventory controls and short lead times have also helped the company offer fewer discounts at Old Navy, helping margins.
A recent analyst activity consisted of Wolfe Research who initiated their coverage on the stock with Underperform rating on August 17. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.23 per share. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $5.37. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%.
Piper Jaffray reiterated their Neutral stance on August 11, and decreased their price target from $38 to $33. The ex-dividend date of this dividend is Monday, October 5th.
According to data compiled by Thomson Reuters, Gap (NYSE:GPS)’s stock is covered by 27 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. As per the latest information, Stifel Nicolaus Lowers the price target to $40.00 per share from a prior target of $48.00. They issued a “sector perform” rating and a $45.00 price target for the company.
Gap Inc. has struggled mightily to regain its status as a go-to brand for basics, failing to gain shoppers’ attention as it’s pivoted to more high-fashion looks. As well as running in the forte, factory outlet, on-line and franchise channels, Gap Inc.is an apparel retailer in using omni-station capabilities for digital world and actual stores. Its omni-channel services include order-in-store, reserve-in store, find-in store and boat-from-store that are tailored across its portfolio of brands. Gap contains GapMaternity, babyGap, GapKids, GapBody and ranges that are GapFit. It also offers handbags, shoes, jewelry, eyewear and personal care products, amongst others.
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The retailer’ sales, excluding newly opened or closed locations, fell by 6% at Gap and 4% at Banana Republic. It’s Business-operated stores in the United States, Canada, the UK, France, Ireland, Japan, Italy, China and Hong Kong.
