News Breaks |
|
|
| January 3, 2013 |
| 08:01 EDT |  | GPS | Gap approves new $1B share repurchase authorization
The new $1 billion repurchase program for Gap Inc.’s stock follows the company’s previous $1 billion share repurchase program, which was completed during the fourth quarter of fiscal year 2012. The company repurchased approximately 17 million shares for about $539 million during the fourth quarter of fiscal year 2012 to date. |
|
|
News For GPS From The Last 14 Days Check below for free stories on GPS the last two weeks. |
|
|
| May 22, 2013 |
| 19:29 EDT |  | GPS | Gap shares may be overheated, WSJ says
 Subscribe for More Information |
|
| May 21, 2013 |
| 14:50 EDT | | GPS | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link |
|
| 07:29 EDT |  | GPS | Gap May volatility elevated, shares at 13-year high into Q1 and outlook
Gap May weekly call option implied volatility is at 56, June is at 31, July and September is at 28; compared to it 26-week average of 33 according to Track Data, suggesting larger near price movement into the expected release of Q1 results on May 23. |
|
| May 15, 2013 |
| 10:13 EDT |  | GPS | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel. |
|
| 07:45 EDT |  | GPS | Gap expectations are now too high, says Lazard Capital
Lazard Capital estimates the calendar shift in Q1 added to Gap $150M in revenue and 8c-10c, which it believes is not understood by most investors and analysts. The firm still likes the stock longer term and keeps a Buy rating on Gap, but says expectations are now too high since Q4 consensus estimates did not come down to reflect the calendar shift. Note shares of Gap were upgraded this morning at Citigroup. |
|
| 05:44 EDT | | GPS | Gap upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Gap citing improved merchandise, inventory control and expectations for continued comp store sales consistency. Citi raised its price target for shares to $48 from $40. |
|
| May 12, 2013 |
| 15:50 EDT | | GPS | S&P raises Gap ratings to 'BBB-' from 'BB+'
Subscribe for More Information |
|
| May 10, 2013 |
| 10:01 EDT |  | GPS | Gap spikes higher after guidance, True Religion buyout
The company guided higher last night after the close, putting Q1 results at 68 cents to 69 cents per share versus expectations of 56 cents. At the current price of $41.07, next resistance is at $42.79. Support is at $40.13. The True Religion (TRLG) take-private deal from TowerBrook at $32 is lending a bid to other clothing retailers. |
|
| 09:21 EDT | | GPS | On The Fly: Pre-market Movers
Subscribe for More Information |
|
| 08:46 EDT | | GPS | David’s Bridal names Gap executive Pamela Wallack as CEO
Subscribe for More Information |
| |
| May 9, 2013 |
| 16:03 EDT | | GPS | Gap shares rally 6% to $41.50 after Q1 outlook tops estimates
Subscribe for More Information |
|
| 16:02 EDT |  | GPS | Gap sees Q1 EPS 68c-69c, consensus 56c
Subscribe for More Information |
|
| 16:02 EDT | | GPS | Gap reports Q1 revenue $3.73B, consensus $3.67B
Subscribe for More Information |
|
| 16:01 EDT | | GPS | Gap reports April SSS up 8%
Subscribe for More Information |
|
|
|
|
|
