Gap Inc (NYSE:GPS) Dips To New 52 Week Low

GPS
GPS

Gap Inc (NYSE:GPS)

May 14th, 2019

With markets going up Gap Inc closed Tuesday up 0.44%, a $0.10 increase to close on $22.84. Despite ending the day higher, Gap Inc hit a new 52 week low of $21.75, breaking the previous low of $22.50 from earlier this month. The next earnings report is expected in approximately 16 days.

GPS was outperformed by the rest of the Consumer Discretionary sector which went up 0.87%.

Gap Inc is listed on the S&P 500 index, and was one of 396 stocks that increased today. Weighted by market cap, GPS represents about 0.03% of the S&P 500.

Forecasts from 20 analysts points to the possibility that Gap Inc could grow significantly (32.92%), while Finbox has calculated (with medium uncertainty) a fair value price of $25.93.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.60%), while Utilities saw the biggest drop (-0.87%). Information Technology has seen the biggest year-to-date gain at 18.05%.

Information Technology saw the biggest turnaround from its 5-day performance of -6.38%, as it went up 1.60%. Utilities saw a turn around from its 5-day performance of 1.03% trading down -0.87%.

Sector Breakdown

  • Information Technology went up with a 1.60% change.
  • Energy went up with a 1.09% change.
  • Industrials went up with a 1.07% change.
  • Consumer Discretionary went up with a 0.87% change.
  • Materials went up with a 0.82% change.
  • Financials went up with a 0.80% change.
  • Healthcare went up with a 0.41% change.
  • Consumer Staples went up with a 0.37% change.
  • Real Estate went up with a 0.35% change.
  • Communication Services went up with a 0.24% change.
  • Utilities went down with a -0.87% change.

Gap Inc Info

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, and Hill City brands. Its products include denim, tees, button-downs, 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 2, 2019, the company had 3,194 company-operated stores; and 472 franchise stores, as well as e-commerce sites. The Gap, Inc. was founded in 1969 and is headquartered in San Francisco, California.

All amounts in USD unless otherwise indicated

GPS daily update
GPS daily update

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