|Bid||8.64 x 3000|
|Ask||8.73 x 4000|
|Day's range||8.20 - 8.72|
|52-week range||7.22 - 15.49|
|Beta (5Y monthly)||1.89|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.60 (7.48%)|
|Ex-dividend date||03 Jul 2023|
|1y target est||N/A|
What happened Shares of Gap (NYSE: GPS) stock lost 17% of their value in May, according to data from S&P Global Market Intelligence. Investors were disheartened by another negative earnings report. So what Gap has been struggling with a changing retail landscape for years already.
The Gap Inc on Thursday beat a shareholder lawsuit claiming the company's directors breached their duties by making misleading statements in securities filings about the retailer's commitment to racial diversity in its leadership ranks. An en banc panel of the 9th U.S. Circuit Court of Appeals in a 6-5 ruling said The Gap can enforce a corporate bylaw requiring shareholder derivative litigation to be filed in Delaware Chancery Court, even when it blocks federal securities claims that can only be heard in federal court. The ruling cements a split among federal appeals courts on how forum selection provisions apply to derivative suits alleging violations of the federal Securities and Exchange Act.
Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying the "iconic" snapped flap pocket that the company has long featured on its fleece outerwear. Spokespeople for Gap and Patagonia did not immediately respond to requests for comment. In a complaint filed in November 2022 in San Francisco federal court, Patagonia said Gap willfully and deliberately sold fleece jackets that mimic its flap pocket and rectangular "P-6" logo without permission.
The retail landscape looks depressing in general, but for retailers that were facing challenges prior to inflation, it looks downright miserable. Current economic trends are only exacerbating real problems. Further, its premium Banana Republic brand, which used to be a standard for office wear, has become less relevant in an era leaning toward casual and athleisure.
Shares of apparel company Gap (NYSE: GPS) popped on Friday after it reported its latest quarterly financial results. As of noon ET, Gap stock was up 10%. Gap owns several retail brands, including Old Navy, Banana Republic, and its namesake brand.
Despite uncertain macro and consumer environments, Gap's (GPS) fiscal Q1 results benefit from reducing inventory, improving assortment and an optimizing cost structure.
Investing.com -- Stocks are surging on Friday as investor optimism rose about lawmakers reaching an agreement on the debt ceiling in the next few days. Here are the market movers for May 26.
Investing.com -- Stocks in focus in premarket trade on Friday, May 26th. Please refresh for updates.
Welcome to Gap, Inc.'s first quarter fiscal 2023 earnings conference call. Before we begin, I'd like to remind you that the information made available on this conference call contains forward-looking statements that are subject to risks that could cause our actual results to be materially different. For information on factors that could cause our actual results to differ materially from any forward-looking statements, as well as the description and reconciliation of any financial measures not consistent with generally accepted accounting principles, please refer to the cautionary statements contained in our latest earnings release, the risk factors described in the company's annual report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2023, and any subsequent filings with the Securities and Exchange Commission, all of which are available on gapinc.com.
Although the revenue and EPS for Gap (GPS) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Gap (GPS) delivered earnings and revenue surprises of 105.88% and 0.37%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live's Seana Smith checks out several stocks trending in the after-hours trading session.
Gap Inc on Thursday reported a surprise profit in the first quarter, and its shares jumped 16% in extended trading as the apparel retailer cited restructuring efforts and easing supply chain costs. U.S. companies are starting to see some relief from sky-high costs of freight and manufacturing after years of supply-chain snags. Gap's quarterly merchandise margin increased by 610 basis points on an adjusted basis due to lower air freight expenses and improved promotional activity.
Investing.com - U.S. stock futures were trading slightly lower during Thursday's evening deals, after major benchmark averages finished mixed as market participants monitored ongoing debt ceiling negotiations as well upcoming inflation data.
Gap's (GPS) Q1 results are likely to reflect gains from cost-saving initiatives and the robust Athleta brand. Inflation-led dismal demand is likely to have hurt.
Gap (GPS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Gap (GPS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mattel CEO Ynon Kreiz says his toy company is ready to roll for the new "Barbie" movie this summer.
Gap endured a rough 2022, which ended on an especially weak note -- and now it's cutting more jobs. That's not a great sign.
Shares of the Banana Republic parent rose about 2% in early trade. As of Jan. 28, the apparel chain had about 95,000 employees, according to a regulatory filing. Mass layoffs to rein in costs have swept across Corporate America over the past months - from tech giants such as Facebook-parent Meta Platforms Inc and Alphabet Inc to retailers such as Clorox Co.
Yahoo Finance Live discusses a drop in Gap stock as the company reportedly plans to layoff hundreds of corporate workers.
Yahoo Finance Live’s Rachelle Akuffo discusses how trending tickers JetBlue, GAP, 3M, General Electric, and Raytheon Technologies stocks are moving into the noon hour.
The company joins a growing number of American firms, including tech giant Facebook-parent Meta Platforms Inc and consumer companies Clorox Co and Wayfair Inc, to downsize its workforce amid mounting worries of a recession in the United States. The current round of job cuts at Gap is expected to be larger than the roughly 500 corporate roles it eliminated in September, the report added.
Gap (GPS) announces a new partnership with Mattel. The company is gaining from continued momentum across its Athleta brand.
It can be tempting to invest in a dividend stock for its ultra-high yield. Both retailers are struggling as demand evaporates, and neither is in a financial situation to justify generous dividend payments to investors. 2022 was a tough year for apparel retailer The Gap.