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A Stock in Focus: The Gap Inc. (NYSE:GPS)

A Stock in Focus: The Gap Inc. (NYSE:GPS)
Written by
Charles Donlon
Published on
October 23, 2014
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[PRnewswire] The Gap Inc. (NYSE:GPS) is thrilled to launch kate spade new york and Jack Spade for GapKids, a limited-edition girls' and boys' apparel and accessories collection for Holiday 2014. This marks kate spade new york and Jack Spade's first foray into childrenswear as well as the first time the Kate Spade & Company brands will partner together.Launching in select Gap stores in the United States, Canada, United Kingdom, France, Hong Kong and Japan and on gap.com on October 30th, the childrenswear collection, which will be available for two weeks only, embraces child-like imagination with festive and whimsical styles in toddler and kids sizing.Stock PerformanceTaking a look at the company’s recent performance, The Gap reported Second quarter earnings for fiscal 2014 on August 21st. The company reported actual earnings per share of $0.74 against the consensus Street estimate of $0.69. This represents year over year growth of 13.51%. The Gap posted revenue of $3.98 billion against estimates of $3.97 billion.The Gap Inc. (GPS) is currently valued at $15.99 billion and closed the last trading session at $36.77. The stock has a 50-day moving average of $43.87 and a 200-day moving average of $41.42.

Is this a Buying Opportunity?There are currently eighteen analysts that we track that cover the stock. Of those eighteen, six have a Buy rating, eleven have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.28 and a Hold. The combined price objective of these covering analysts is $42.43, which represents a 1.01% upside difference to the last closing price.The most recent analyst activity consisted of Telsey Advisory Group reiterated rating their Neutral stance on the company. Telsey Advisory Group has a price target of $50.00 which represents an upside of 14.05% from the last closing price. On the date of the report, the stock closed at $50.00.Another research firm weighing in recently was Zacks who also reiterated their rating on the stock. On September 15th Zacks boosted their price target on the stock from $47.00, or a 6.75% upside to the current price. On the day of the report, The Gap shares closed at $44.03.Company Profile(NYSE:GPS) The Gap, Inc. operates as an apparel retail company worldwide. It provides apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Its products comprise maternity apparel; loungewear, sleepwear, intimates, and active apparel for women; handbags, shoes, jewelry, personal care products, and eyewear for men and women; women’s apparel, footwear, and accessories for sports and fitness activities, including crossover apparel and casualwear; and luxury and contemporary products.

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