The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for 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, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of March 04, 2021, the company had 3,100 company-operated stores and 615 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was founded in 1969 and is headquartered in San Francisco, California.
IPO Year:
Exchange: NYSE
Website: gapinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/31/2024 | $18.50 → $25.00 | Underperform → Neutral | BofA Securities |
| 7/18/2024 | $27.00 → $29.00 | Equal-Weight → Overweight | Morgan Stanley |
| 6/25/2024 | $28.00 → $30.00 | Hold → Buy | TD Cowen |
| 5/31/2024 | $22.00 → $29.00 | Market Perform | Telsey Advisory Group |
| 5/7/2024 | $21.00 → $28.00 | Neutral → Buy | Citigroup |
| 3/8/2024 | $17.00 → $22.00 | Market Perform | Telsey Advisory Group |
| 2/26/2024 | $16.00 → $20.00 | Underweight → Neutral | JP Morgan |
| 11/17/2023 | $11.00 → $17.00 | Market Perform | Telsey Advisory Group |
| 11/7/2023 | $17.00 | Outperform | Evercore ISI |
| 10/25/2023 | $11.00 → $16.00 | Equal Weight → Overweight | Wells Fargo |
Net sales increased 5% versus last year with market share gains for the 6th consecutive quarter Comparable sales were up 3% driven by strength at Old Navy and Gap Operating margin of 7.9% improved 490 basis points versus last year Increases outlook for fiscal 2024 gross margin and operating income growth SAN FRANCISCO, Aug. 29, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its second quarter ended August 3, 2024. "Gap Inc. delivered another successful quarter, exceeding financial expectations and gaining market share for the 6
The American Pop Culture Brand Celebrates Loose Denim as Both a Fit and Mindset through Dance NEW YORK, Aug. 21, 2024 /PRNewswire/ -- Gap debuts its Fall 2024 campaign, featuring dancers and artists showcasing the brand's fall denim collection as a canvas for creativity. The campaign champions originality through fashion, music, and dance. The campaign, titled "Get loose," stars GRAMMY®-nominated global pop star Troye Sivan and the dance group CDK Company, with direction and choreography by Sergio Reis. Set to Thundercat's viral hit "Funny Thing," the film, shot by Dan Martens
SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS) today announced its board of directors has authorized a third quarter fiscal year 2024 dividend of $0.15 per share, payable on or after October 30, 2024 to shareholders of record at the close of business on October 9, 2024. As a reminder, Gap Inc. previously announced that it will change its ticker symbol from "GPS" to "GAP". The company's common shares will begin trading on the New York Stock Exchange (NYSE) under the new symbol "GAP" on Thursday, August 22, 2024. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer
SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS) a house of iconic American brands including Old Navy, Gap, Banana Republic, and Athleta, announced today that it will be changing its ticker symbol from "GPS" to "GAP". Effective on Thursday, August 22, 2024, the company's common shares will trade on the New York Stock Exchange (NYSE) under the new symbol "GAP". "Updating our NYSE ticker symbol to GAP on our 55th anniversary recognizes both an important milestone and the reinvigoration journey we're on - inspired by our past, engaged in the present, and eager to shape the exciting evolution of our house of iconic American brands," said Gap Inc. President and Chief Executive Offi
LOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- Today, Banana Republic, a lifestyle brand in the Gap Inc. (NYSE:GPS) portfolio, announces the reopening of their location at Westfield Century City in Los Angeles following the reopening of the brand's New York City flagship store in SoHo earlier this spring. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9283451-banana-republic-century-city-california/ The new premium store experience invites shoppers to explore Banana Republic's elevated aesthetic, rooted in rich storytelling and exploration, showcasing exceptional timeless design and versatile styling that blends fashion, art, and global cu
Programming to include official ESPYS sponsorship, campaign featuring Simone Biles and Katie Ledecky, in-store activations and events in Paris and select U.S. markets, as well as continuing our monetary commitment to the Women's Sports Foundation® (WSF ®) SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- Athleta, a Gap Inc. (NYSE:GPS) company and leading women's performance activewear brand, empowers women and girls to build confidence, strength, and belonging through movement—igniting the POWER OF SHE. At a time when women are dominating on and off courts, tracks, mats, and fields, Athleta is inviting women to not just play the game but to change it with inspiring campaigns, events, and partners
Link to download SoHo flagship images here SAN FRANCISCO, June 3, 2024 /PRNewswire/ -- Banana Republic, a Gap Inc. brand (NYSE:GPS), unveiled its revitalized New York City flagship store. Located in the heart of the SoHo Cast Iron Historic District, at 552 Broadway, between Prince and Spring Streets, the space has been redesigned in collaboration with renowned architect and interior designer Noa Santos, of NAINOA, and creative advisor Jacqueline Schnabel as a premium expression of Banana Republic. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9272751-banana-republic-flagship-store-soho-new-york-city/ Featuring an elevated store desig
Net sales increased 3% versus last year with market share gains for the 5th consecutive quarter Comparable sales were positive at all four brands in the portfolio Operating margin expansion reflects improvement in gross margin and operating expense SAN FRANCISCO, May 30, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its first quarter ended May 4, 2024. "Gap Inc. delivered a strong quarter that exceeded expectations across key metrics. We gained market share for the 5th consecutive quarter with positive comparable sales at all
TROY, Mich., May 22, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced FedEx Corporation (NYSE:FDX) as its "Stock to Study" and Gap, Inc. (NYSE:GPS) as its "Undervalued Stock" in the August 2024 issue for investors' informational and educational use. "For those who want to learn more about the fundamentals of FedEx or The Gap or thousands of other stocks like Apple, Nvidia and Tesla, there is no better tool than the Stock Selection Guide. Millionaires across the US utilize the Stock Selection Guide in order to determine if a given stock is selling at a reasonable price. Hundreds attended the annual BetterInvesting Nationa
Experience the Magic of Biles, Jade Carey, Jordan Chiles, Fred Richard and More World Class Gymnasts Live on Stage Tickets are On Sale May 17; Group Purchases Available Now Simone Biles, Fred Richard, and other favorite stars of the gymnastics world leap into action at arenas around the country in the Athleta Presents Gold Over America Tour. The high-flying performance lands in Oceanside, California, September 17 following the international competition in Paris. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509424484/en/Simone Biles and Athleta Presents Gold Over America Tour Lights Up 30 U.S. Arenas this Fall (Graphic: