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Friday, January 28, 2022

The Forecast Just Changed on The Gap Inc. (GPS)

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Many stocks have been testing new highs in 2020, and one of the most notable is The Gap Inc. (GPS). Currently, GPS is trading at $13.65 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $8.87.

To add more color to this target, the company’s high over the last year is $19.86 and the low is $5.26. Over the last 52 weeks, GPS is down -31.27% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GPS reported a profit of $1.67 billion. The Gap Inc. also saw revenues increase to $4.67 billion. In addition, GPS has free cash flow of $366.0 million as of 01-2020 The company’s EBITDA came in at -$105.0 million which compares well with its peers.

GPS booked profit margins of 5.50%, its Return on Equity (ROE) is 22.90%, and its Return on Assets is 5.80%. All told, it is clear that, GPS needs to be on your watchlist.

About The Gap Inc.

If readers are unfamiliar, The Gap, Inc. operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Its products include denim, tees, fleece, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, and Banana Republic stores in Asia, Europe, Latin America, the Middle East, and Africa. As of February 1, 2020, the company had 3,345 company-operated stores; and 574 franchise stores, as well as online. The Gap, Inc. was founded in 1969 and is headquartered in San Francisco, California.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GPS has a short ratio of 3.06 and outstanding shares of 373.00M.

Company Outlook

GPS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 22.7 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.10. The Gap Inc. GPS also noted assets of $13.68 billion at the end of the last quarter. Investors should also keep an eye on sector updates as GPS has historically followed its peers on positive news.

All told, The Gap Inc. GPS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GPS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Gap Inc. GPS is now commanding a market cap of 5.02B and a float of 207.25M. GPS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GPS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GPS, either long or short, and we have not been compensated for this article.

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