Latest news with #GapInc
Globe and Mail
3 days ago
- Business
- Globe and Mail
TD Cowen Keeps Their Buy Rating on Gap Inc (GAP)
In a report released today, Jonna Kim from TD Cowen maintained a Buy rating on Gap Inc (GAP – Research Report). The company's shares closed today at $22.33. Confident Investing Starts Here: Kim covers the Consumer Cyclical sector, focusing on stocks such as American Eagle, Gap Inc, and Bath & Body Works. According to TipRanks, Kim has an average return of 21.7% and a 44.12% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gap Inc with a $28.33 average price target, implying a 26.90% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $27.00 price target. See Insiders' Hot Stocks on TipRanks >> Based on Gap Inc's latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $4.15 billion and a net profit of $206 million. In comparison, last year the company earned a revenue of $4.3 billion and had a net profit of $185 million Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GAP in relation to earlier this year. Most recently, in March 2025, Elisabeth B Donohue, a Director at GAP sold 3,539.00 shares for a total of $74,460.56.
Yahoo
3 days ago
- Business
- Yahoo
How retailers are navigating tariff uncertainty: Former Gap CEO
Retailers are "scared to hell" about the tariff landscape, Mickey Drexler, former CEO of Gap Inc. (GAP) and former chairman of J. Crew Group, tells Madison Mills and Brad Smith on Morning Brief. Watch the video above to hear more from the retail veteran. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
4 days ago
- Business
- Time of India
Gap shares slide as tariffs loom large over apparel maker's turnaround plans
HighlightsGap Inc. shares fell 20% in early trading after the company warned that U.S. tariffs would impact this year's profit, estimating tariff-related costs between $250 million and $300 million. Under the leadership of Chief Executive Officer Richard Dickson, Gap Inc. plans to double the use of U.S.-grown cotton by 2026 and aims to diversify its supplier footprint to reduce reliance on any single country. Despite the tariff concerns, Gap Inc. reaffirmed its annual forecasts, excluding tariff-related costs, and reported first-quarter sales and profit that exceeded Wall Street estimates. By Savyata Mishra Gap shares fell 20% in early trading on Friday after the Old Navy owner warned that U.S. tariffs would squeeze this year's profit, even as the apparel maker aims to soften the blow by diversifying its supply chain and investing in U.S. cotton. The company reaffirmed its annual forecasts that did not include tariff-related costs but flagged expenses of up to $300 million, which analysts said would weigh on Gap's margins through the second half of the year and into 2026. Shares of the company, which owns brands such as Banana Republic and ON, were trading at $22.44. The stock has surged 30% so far this month, as investors focused on the firm's efforts to improve product innovation and store operations. At least three brokerages trimmed price targets on the stock, with Jefferies cutting it by the most, to $26 from $29. "Banana Republic and Athleta likely need much reinvestment to drive consistent positive comparable sales and margin expansion, in our view," UBS analyst Jay Sole said. President Donald Trump's trade policy has threatened to upend supply chains and push up prices for everyday essentials. Some retailers including Best Buy have accounted for the tariffs and a few others have pulled their forecasts. However, firms like Gap have excluded the impact from their outlook, citing an ever evolving trade policy. Under the leadership of Richard Dickson, who took helm in 2023, Gap laid out plans to double the use of America-grown cotton by 2026, with executives on a post-earnings call saying that investing in the U.S., its biggest market, remains a key priority. It has been diversifying its supplier footprint for several years, and currently has a less than 10% exposure to China. The region was one of its top manufacturing hubs, followed by Vietnam and Indonesia. It aims for no country to account for more than 25% by the end of 2026. The company topped Wall Street estimates first-quarter sales and profit helped by full-price selling in its namesake and Old Navy brands.
Epoch Times
4 days ago
- Business
- Epoch Times
Gap Tops Earnings Estimates, Aims to Double American Cotton Use in 2026
Gap Inc. reported first-quarter results that beat market estimates as it continued to gain market share, thanks to the popularity of its Gap and Old Navy brands. In addition, the company anticipates a slight shortfall due to tariffs, as it plans to invest more in the United States and double its vendor sourcing of American-grown cotton in 2026. On May 29, the San Francisco-based specialty apparel company, with a portfolio of brands including Old Navy, Gap, Banana Republic, and Athleta,
Yahoo
4 days ago
- Business
- Yahoo
Gap Inc. CEO says turnaround is on track despite tariff woes
Gap Inc. (GAP) stock is sinking despite reporting better-than-expected first quarter earnings results as tariff concerns weigh on the retailer's outlook. Gap Inc. CEO Richard Dickson sits down with Yahoo Finance Executive Editor Brian Sozzi to break down the quarter and explain how the company is navigating trade headwinds. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
