|Bid||21.92 x 900|
|Ask||22.45 x 3000|
|Day's Range||21.90 - 22.38|
|52 Week Range||21.75 - 34.21|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||8.60|
|Earnings Date||May 30, 2019|
|Forward Dividend & Yield||0.97 (3.72%)|
|1y Target Est||30.89|
Today, on the International Day Against Homophobia, Transphobia and Biphobia, global apparel retailer Gap Inc. (GPS) and the United Nations Foundation announced that they will once again partner during Pride Month in June to raise awareness and funds for UN Free & Equal, a global campaign of the United Nations Human Rights Office to promote equal rights and fair treatment for lesbian, gay, bisexual, transgender, and intersex (LGBTI) people globally. This year marks the fourth consecutive year of the partnership, which has so far raised nearly $300,000 for UN Free & Equal.
The carbon footprint of a blouse with an unpopular print that ultimately sells for 99 cents is “inexcusable at the end of the day,” Peck said at the Bloomberg Sustainable Business Summit in Seattle on Thursday. Reducing the waste with better predictive analytics and artificial intelligence could be one of the best ways for retailers to cut their carbon footprint and save money at the same time, he said. Gap, which uses about 1% of the world’s cotton, is working on the problem, Peck said.
Gap Inc. will provide a live audio webcast of the company’s Annual Meeting of Shareholders, beginning at 10:00 a.m. Pacific Time on May 21, 2019. To register for the webcast on May 21, please visit www.gapinc.com .
US-China Trade Tensions: Why the Consumer Sector Took a Hit(Continued from Prior Part)How is the consumer sector looking this year?After the recent trade dispute with the United States and China’s retaliation, the consumer sector took a hit. Many
On Friday, the U.S. increased tariffs on $200 billion worth of Chinese goods to 25% from 10% after the latest round of trade negotiations ended with no deal. President Donald Trump has said in the past that China pays, but is that really the case? “Countries don’t pay tariffs,” says Jason Pye, vice president for legislative affairs at FreedomWorks, a conservative advocacy group based in Washington.
Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company's beleaguered shares. Following the required 25-day wait for deal underwriters to issue an investment opinion following an IPO, at least 10 of the banks that brought Lyft public gave positive recommendations on a stock that has slumped 30 percent from its opening price on March 29, its first day of trading. KeyBank appeared to be the only bank launching coverage on Tuesday that did not recommend buying Lyft, instead assigning it a "sector weight" rating and warning of slowing growth.
In honor of Earth Day, Gap Inc. (GPS) today unveiled new commitments from Banana Republic and Old Navy to accelerate the company’s use of more sustainable materials in apparel production and reduce the environmental impacts of product manufacturing. Today’s announcement marks the latest step in Gap Inc.’s journey to integrate more sustainable product innovation and technology across its portfolio, and builds on 2017 commitments made by the company’s namesake brand Gap and Athleta.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains discusses three sports retail stocks to buy right now as the market continues to hum along in 2019.
Adidas has teamed up with singer Beyonce and will relaunch her Ivy Park brand, as it aims to attract more female consumers after rival Puma's deal with Rihanna helped boost sales. Adidas, which also has a partnership with Kanye West, said on Thursday it will work with Beyonce on creating performance and lifestyle products, including signature footwear and clothing. The deal will also involve relaunching the Ivy Park brand Beyonce started in 2016 together with Britain's Topshop.
Gap (GPS) witnesses softness in the flagship brand for quite some time now. Nevertheless, its latest brand revitalization & spin-off plans appear encouraging.
Bed Bath & Beyond Inc's long-time Chief Executive Steven Temares came under pressure on Tuesday after activist investors called for his ouster and the replacement of the entire board, sending the company's shares up as much as 30 percent. An investor group comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC disclosed a combined stake of about 5 percent in the company and also said it was seeking a review of options, including a sale, for all of the home furnishing retailer's non-core brands. The Wall Street Journal reported https://www.wsj.com/articles/activists-wage-fight-at-bed-bath-beyond-11553558400 on Monday that a possible sale could include brands such as Buy Buy Baby and Cost Plus World Market.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Nike's (NKE) Q3 fiscal 2019 financial results that led to a small selloff on the back of lower-than-expected sales in a key business. The episode then dives into what to expect from Lululemon's (LULU) Q4 earnings.
Lululemon (LULU) shares popped over 3% Thursday heading into the release of its fourth quarter financial results, as part of its larger 2019 climb. The yoga apparel and athleisure giant's bottom-line looks set to surge as it expands its menswear business, its global reach, and more.
Blue jeans giant Levi Strauss & Co. began trading Thursday on the New York Stock Exchange at $22.22 a share, after having priced its initial public offering at $17 a share the night prior. The company had initially expected to price its offering between $14 and $16 a share. Levi Strauss on Wednesday night priced its initial public offering at $17, topping original expectations of between $14 and $16 a share.
At Hudson Yards in New York, 1 million square feet will be devoted to retailers like Lululemon and Louis Vuitton, and for brands born on the internet.