Gap Inc News and Headlines -
CEO Gap, Inc. of Gap Inc (30-Year Financial, Insider Trades) Sonia Syngal (insider trades) sold 36,129 shares of GPS on 03/24/2021 at an average price of $28.41 a share. The total sale was $1 million.
Gap Inc is a global apparel and accessories retailer. The company offers products for men, women, and children under various brands such as Gap, Banana Republic, Old Navy, Athleta, and Intermix. Gap Inc has a market cap of $10.77 billion; its shares were traded at around $28.730000 with and P/S ratio of 0.79.
CEO Recent Trades:
- CEO Gap, Inc. Sonia
U.S. stocks were up on Thursday morning ahead of the U.S. economy reporting expansion in the fourth quarter of 2020 by 4%. For the full year, the GDP contracted at a 3.5% annualized rate, the biggest drop in more than 70 years.
The Dow gained 1.66% to 30,806, the S&P 500 index rose 1.53% to 3,800 and the Nasdaq Composite Index was up 1.03% to 13,407.
• L Brands Inc (LB) +7.6%
• The Gap (GPS) +4.6%
• Anthem Inc (ANTM) +2.3%
• Texas Instruments (TXN) +2.1%
• Clorox Co (CLX) +1.1%
• Nokia Corporation
Specialty retailer The Gap (GPS) boosted the Fund's return by 141 basis points, as its stock rose from $12.62 to $17.03 for a total return of 34.9%. Gap sells clothes and accessories under the Old Navy, Banana Republic and Athleta brands among others. Despite the challenges faced by brick and mortar retailers during the pandemic, Gap's management took swift action to adapt the business. The company reduced the number of stores and increased liquidity while investing in online sales which nearly doubled from last year. Gap still has a lot of work to do, but investors liked the progress
As of September 30, 2020, the net asset value ("NAV") of the Parnassus Endeavor Fund (Trades, Portfolio) — Investor Shares was $38.63, so the total return for the quarter was 9.65%. This compares to a gain of 8.93% for the S&P 500 Index ("S&P 500") and a gain of 8.20% for the Lipper Multi-Cap Core Funds Average, which represents the average return of the multi cap core funds followed by Lipper ("Lipper Average").
We've been able to beat both indices for the past two quarters, but we're still behind for the year, because of our difficult first
U.S. stocks were in the green on Wednesday morning. The Dow advanced more than 300 points, or 1.19%, to 28,102, while the S&P 500 index gained 1.10% to 3,397 and the Nasdaq Composite Index was up 1.17%, to 11,286.
• Freeport-McMoRan Inc (FCX) +5.5%
• Gap Inc (GPS) +4.5%
• Celanese Corp (CE) +4.1%
• Tapestry Inc (TPR) +3.9%
• PVH Corp (PVH) 2.8%
• DraftKings Inc. (DKNG) -7.3%
• Halliburton Company (HAL) -1.2%
• Marathon Petroleum Corp (MPC) -0.3%
• Ventas Inc (VTR) -0.2%
The main European stock markets traded in
In light of Nike Inc. (NKE) posting strong digital sales during its fiscal 2021 first quarter, five retail companies that have high profitability and trade below their GuruFocus Value Line are American Eagle Outfitters Inc. (AEO), Carter's Inc. (CRI), Gap Inc. (GPS), The Michaels Companies Inc. (MIK) and Ulta Beauty Inc. (ULTA) according to the All-in-One Screener, a Premium feature of GuruFocus.
Sports retail giant soars on strong sales growth on otherwise down day for markets
On Wednesday, shares of the Beaverton, Oregon-based sports retail giant closed at $127.11, up 8.66% from Tuesday's close of $116.98.
The Dow Jones Industrial Average closed at 28,248.44 on Tuesday with a loss of 60.02 points or -0.21%. The S&P 500 closed at 3,443.62 for a gain of 12.34 points or 0.36%. The Nasdaq Composite closed at 11,466.47 for a gain of 86.75 points or 0.76%. The VIX Volatility Index was lower at 22.03 for a loss of -0.34 points or 1.52%.
Tuesday's Market Movers
U.S. indexes ended mostly higher Tuesday. The S&P 500 and Nasdaq reported another day of new closing highs. The Dow Jones ended slightly lower after an announcement that it will replace Exxon (XOM), Pfizer (PFE)
Specialty retailer The Gap (GPS) boosted the Fund’s return by 243 basis points, as its stock soared from $7.04 to $12.62 for a total return of 79.3%. Gap sells clothes and accessories under the Old Navy, Banana Republic, Athleta and other brands. Even as mandatory store closures depressed Americans’ demand for apparel, the company reported an acceleration in its e-commerce business, which now accounts for over one-quarter of total sales. Gap stores across the country also reopened with new safety protocols, and investors bid up the stock anticipating a return to full capacity. Finally, on June 26, Gap struck
As of June 30, 2020, the net asset value (“NAV”) of the Parnassus Endeavor Fund (Trades, Portfolio) — Investor Shares was $35.23, so the total return for the quarter was 23.10%. This compares to a gain of 20.54% for the S&P 500 Index (“S&P 500”) and a gain of 21.12% for the Lipper Multi-Cap Core Funds Average, which represents the average return of the multi cap core funds followed by Lipper (“Lipper Average”).
Although we’re ahead of both benchmarks for the quarter, we’re still behind them for the year-to-date, because we underperformed in the first quarter. The
U.S. stocks were in the red on Friday morning, with consumer sentiment for June revised lower to 78.1 in the final June reading. The Dow Jones Industrial Average fell 2.19% to 25,185, the S&P 500 index lost 1.80% to trade around 3,028 and the Nasdaq Composite Index was down 1.74% to 9,841.
• The Gap, Inc. (GPS) +28%
• eBay Inc. (EBAY) +2.8%
• NetApp, Inc. (NTAP) +2.4%
• Best Buy Co., Inc. (BBY) +1.4%
• Huntington Bancshares Incorporated (HBAN) -9.5%
• Citizens Financial Group, Inc. (CFG) -9%
• Capital One Financial Corporation (COF) -8.8%
While the coronavirus pandemic has disrupted much of the traditional retail industry in recent months and dampened apparel sales, resulting in a slew of store closures and bankruptcies, there is one corner of the market that is thriving: secondhand clothing.
The secondhand apparel market, which is currently valued at about $28 billion, is projected to reach $64 billion within the next five years according to an annual report compiled by San Francisco-based consignment company ThredUp in partnership with third-party research firm GlobalData Retail.
Although the resale market initially declined along with the wider industry at the start of the
U.S. stocks were mostly in the red on Monday. The Dow Jones Industrial Average fell 0.12% to 25,849, the S&P 500 index lost 0.01% to 3,097 and the Nasdaq Composite Index was up 0.26% to 9,972.
• The Gap, Inc. (GPS) +7.9%
• Newmont Corporation (NEM) +4.6%
• Nordstrom, Inc. (JWN) +2.9%
• CarMax, Inc. (KMX) 2.3%
• Norwegian Cruise Line Holdings Ltd. (NCLH) -3.9%
• Wynn Resorts, Limited (WYNN) -3.5%
• Host Hotels & Resorts, Inc. (HST) -3.8%
• H&R Block, Inc. (HRB) -3.4%
The main European stock markets traded in the
The U.S. stock market indexes rallied in premarket trading on Tuesday on a record 17.7% increase in retail sales for May as consumers who had been in coronavirus-induced lockdowns began to venture out to shop again.
The gain easily topped the previous record, which was set in October 2001, and beat analysts’ expectations of an 8% increase for the month.
Based on these developments, investors may be interested in retailers companies that are popular among gurus. According to GuruFocus Hot Picks, a Premium feature, retail stocks that had the largest number of buys during the first quarter were American
U.S. stocks were in the green on Monday morning despite increased tensions between the U.S. and China.The Dow Jones Industrial Average gained 0.23% to 25,441, the S&P 500 index rose 0.23% to 3,051 and the Nasdaq Composite Index was up 0.48% to 9,535.
• Coty Inc (COTY) +19.4%
• Gap Inc (GPS) +14.6%
• Alliance Data Systems Corp (ADS) +9.9%
• Southwest Airlines Co (LUV) +6.6%
• Kimco Realty Corp (KIM) +6.3%
• Harley-Davidson Inc (HOG) +5.9%
• Pfizer Inc (PFE) -8.2%
• Cabot Oil & Gas Corp (COG) -2.9%
• Target Corp (TGT) -2.5%
U.S. stocks indices were mixed on Wednesday, with the Dow advancing more than 170 points as tech shares pulled down the Nasdaq index. The Dow Jones Industrial Average gained 0.67% to 25,164, the S&P 500 index fell 0.23% to 2,984 and the Nasdaq Composite Index declined 1.59% to 9,192.
• Nordstrom Inc (JWN) +12.2%
• Gap Inc (GPS) +9.4%
• Kohls Corp (KSS)
Clothing retailer, The Gap (GPS) hurt us the most during the quarter, slashing 316 basis points from the Fund’s return. (One basis point is 1/100th of one percent.) During the quarter, its stock fell an astonishing 59.7% from $17.68 to $7.04.* Prior to the coronavirus outbreak, Gap made steady progress on its turnaround, canceling the spin-off of Old Navy, appointing Sonia Syngal as the new chief executive and slowing the decline in comparable store sales. However, shares plummeted when the pandemic forced the temporary closure of all its stores in North America. The stock fell further after management cut the
As of March 31, 2020, the net asset value (“NAV”) of the [url=https://www.gurufocus.com/StockBuy.php?GuruName=Parnassus+Endeavor+Fund]Parnassus Endeavor Fund[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Parnassus+Endeavor+Fund]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Parnassus+Endeavor+Fund]Portfolio[/url])—Investor Shares was $28.62, so the total return for the quarter was a loss of 25.04%.
This compares to a loss of 19.60% for the S&P 500 Index (“S&P 500”) and a loss of 22.22% for the Lipper Multi-Cap Core Funds Average, which represents the average return of the multi-cap core funds followed by Lipper (“Lipper average”).
There are several reasons we underperformed this quarter. First, we have a lot of technology stocks in the portfolio, and we believe they tend to be more
U.S. stocks were in the green on Thursday after the Federal Reserve announced up to $2.3 trillion in economic support to combat the effects of the coronavirus. The Dow Jones Industrial Average gained 1.31% to 23,741, the S&P 500 Index rose 1.50% to 2,791, and the Nasdaq Composite Index gained 0.63% to 8,142.
Non-index stocks have also posted gains and losses recently. Shares of PriceSmart Inc. (PSMT) jumped more than 10% on Thursday after the company announced second
According to the GuruFocus All-In-One Screener as of March 25, the following stocks are popular among gurus.
The handmade goods retailer Etsy Inc. (ETSY) has a market cap of $4.5 billion. Its revenue of $818 million was flat over the past 10 years.
As of March 25, the stock is trading with a price-earnings ratio of 51.73. The share price of $40.49 is 44.8% below the 52-week high and 35.19% above the 52-week low. Over the past 10 years, the stock has climbed 38%.
It’s the most wonderful time of the year, which means children are busy writing and mailing their Christmas letters to Santa and parents are looking for the best bargains to fill stockings. According to a survey conducted by the American Research Group, U.S. shoppers are planning to spend an average of $976 on gifts this holiday season, down from $992 in 2018.
While the National Retail Federation’s annual survey reported the most requested item on individual consumers’ holiday wish lists were gift cards at 59%, clothing and accessories were a close second. In addition, the survey found that