UK markets close in 5 hours 48 minutes

The Gap, Inc. (GPS)

NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
16.29-0.03 (-0.18%)
At close: 4:02PM EDT
Sign in to post a message.
  • G
    GOAT
    This is a $14 stock at best. Current conditions and revenue values this at $11 and that’s if they can keep expenses low. Rent payroll distribution and s&m are crazy expensive
  • R
    Richard
    Simon Property, and Brookfield are offering to buy JC Penney's out of Bankruptcy and continue to operate them. Know why? Because in some malls, the tenants have a clause in their leases that permit them to leave if the anchor store, (dept. store) closes. Simon Property Group is buying Penney's to hold the smaller tenants, like Gap, to their leases.
  • J
    Jamie
    @Charlie how's your math?

    The 2Q 10-Q stated, and keep in mind this is for the first 6 months of the fiscal year, not just 2Q:

    "an increase of $320 million related to accounts payable primarily due to the suspension of rent for stores closed temporarily as a result of COVID-19"
  • C
    Charlie
    Just sold my shares at $17. I bought in at $12 recently.

    Looks like this is going to tank.

    If it goes to $12 again I'm back in long.
  • A
    Ashiff
    EPS is negative-0.17. Cash flow negative -295million. Revenue is -18%. Their cash position went up because they haven’t paid rent. I see it as negative result compared to other companies. We will know tomorrow when markets open or maybe in couple of hours.
  • j
    johna
    Got worried seeing this huge rally before the results. Sold off my shares. Hope to buy it back based on the results and stock price after the results, if the valuation looks good
  • C
    Charlie
    Ok, so if they had actually paid rent they would have lost $407 million, or ($1.08) per share.

    Totally fake beat, watch this drop like a rock tomorrow when the market realizes it was actually a huge miss.

    Gotta read the financials folks, earnings per share figures are just for headlines.
  • R
    Ron
    This is WELL over the AVERAGE analyst's price target at this point.

    When I read the rationale as to why Chewy was up yesterday (who was also on the potential BK list on RetailDive), I FINALLY accepted the fact this is no longer the stock market I remember from the K-tel days. Dating myself of course course, but this is literal insanity. Then of course there is Macy's today.

    Think to self every morning, listening to these CNBC analysts, this has to be popping at some point. That was about a month ago. And everything is still going up and overvalued, IMO. Look at Hertz's story.

    People with no jobs, no food, etc. Only the rich getting richer, and the newbies gambling. Overlooking COVID, unemployment figures, election, school closures, store closures, etc.

    Holding CHDN, and that's it. I am afraid to touch this right now, and I have been waiting. He who hesitates....
    GL to all of you, short or long. Think this is going to drop soon, but there again? Who knows? Maybe it will be 30 by next week.
  • S
    Samuel Lee
    The potential for Kanye to revive this brand is UNDENIABLE. His influence on pop culture and fashion is unmatched expect by maybe HIS WIFE. If you’re over 35 years old you may not understand this but looking at yeezys impact on adidas makes this quite obvious.

    That being said I think this stock has gotten a bit ahead of itself and people have started to chase. I’m out but looking to get back in under 14 or so.
  • A
    Ashiff
    Kohl’s has only 1150 stores. Gaps has 2750 stores. SG&A is not something that easy to manage. More pain ahead.
  • R
    Richard
    Kohl's stock off 16% today on drop in revenue, but smaller than projected loss. Same malls, but Kohl's is paying rent. What will happen when Gap reports next week? I believe it will drop much more than Kohl's.
  • C
    Charlie
    Dropping. Smart money knows the earnings are fudged cause they didn't pay rent the entire Q2. This will break $15 tomorrow.
  • R
    Richard
    Kanye acting up again. Gap's deal with him will be much more trouble than it could ever be worth.
  • C
    Charlie
    Longs, put your stops in, this will drop tomorrow.

    It will go up long term, but once analysts study the notes to financials, the selling will begin.

    This will be over $20 by next year, but today it's overvalued IMO.

    Best of luck to all.
  • D
    Der T Sanchez
    Sales down 52%.....but lets go back to a 52 week high!
  • R
    Richard
    In an April filing with the SEC, Gap Inc. – which also owns Banana Republic – said it had stopped paying rent for its 2,785 North American retail stores due to the Covid-19-related costs of closing its stores, and complying with local restrictions since those outlets have reopened. All told, the firm said the rents came to $155 million.

    Gap appears to be the only major retailer employing this "pay no rent" strategy. Others are choosing BK.
    It is a risky strategy because contract law is well established. Then add on top of the rent, late penalties, and most of all, the enormous costs of litigation all over the U.S.
    Does anyone know of another major retailer trying this??
  • D
    Dennis
    Since the week ended March 20 this year, more than 57 million Americans have so far filed new unemployment insurance claims. Discouragingly, the majority of US states reported increases in unadjusted new claims in last week’s print for the week ended August 15, unraveling what had been an improving trend in most states over the several weeks prior.
  • G
    GOAT
    Valuation close to precovid level. Does not reflect loss of stores, brand footprint, loss of revenue, increased legal risk, lower guidance, weaker balance sheet and retired business line like hill city. Gps is pumped to dump and it’s back to $11
  • P
    Phil
    That’s what happens when you have Fake EPS! GAP quarterly revenue average is $4.5 Billion back pre COVID and price for share was between $16-18. You see the problem here? They make it look like it’s an amazon way when the reality is they are down 50% and the price per share is at $18? That doesn’t make any sense! This is why the stock market today is a bubble ready to pop! It’s not IF it’s a matter of WHEN! Good luck out there!
  • T
    Tiger
    Very brave to hold this stock before earning, take your profit now
By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more