Gap, Inc. (GPS) June Comps Rose 2%, Outpacing Views
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Old Navy Drives Strong June for Gap (GPS), But August Sales Remain Key Metric - MKM
July 8, 2016 11:36 AM EDTMKM affirms Gap (NYSE: GPS) with a Neutral trading and $21 price target following June sales results issued Thursday night.
Analyst Roxanne Meyer commented, GPS' 2% comp handily beat estimates (MKM -5.0%/Street -3.6%), representing an 8 and 5 pt. acceleration on a 2 and 3 year basis vs. May, respectively, aided somewhat by the shift of Memorial Day into June (2 pt benefit). This... More
Stifel Remains Sideliend on Gap, Inc. (GPS) Despite Positive Sales Report
July 8, 2016 9:43 AM EDTStifel reiterated a Hold rating on Gap, Inc. (NYSE: GPS) following the release of the company's June sales results. Comp sales increased 2% in June, well above consensus estimates. The company saw an acceleration of traffic and sales at all divisions heading into Memorial Day. The results were also... More
Nomura Securities Raises Price Target on Gap, Inc. (GPS) Following 'Better-Than-Expected' Comps
July 8, 2016 7:29 AM EDTNomura Securities maintained a Neutral rating on Gap, Inc. (NYSE: GPS), and raised the price target to $22.00 (from $18.00), following a better-than-expected comp report.
Analyst Simeon Siegel commented, "As had been telegraphed by some data, GPS posted a better-than-expected comp (helped by the... More
