Boston, MA 07\/10\/2013 (wallstreetpr) –\u00a0The Gap, Inc. (NYSE:GPS) is a top-performer in its market for a long time now. Since the bottom of September 2011, the stock has rallied about 200%, while no signs of halting of the rally are visible.<\/p>\n
The company recently announced its quarterly results in May 2013, beating the earnings per share market consensus of $0.69 by $0.02. It also beat the revenue consensus of $3.68 billion by recording a figure of $3.73 billion. On a quarter-on-quarter basis, earnings increased by 51% and revenue by 6.9%. Now the analysts are expecting the earnings per share for the full fiscal year at $2.72, although the company itself has given a guidance of $2.52-$2.60. Current market cap for the company stands at over $20 billion with a price to earnings ratio of 16.98.<\/p>\n
The Gap, Inc. (NYSE:GPS), a leading specialty clothing retailer, has been a favorite stock for analysts for a long time. The reasons include strong revenue growth, consistent earnings surprises and impressive management guidance. Both comparable sales and total sales performance were boosted by the efforts of the company to maintain a growth trajectory. From January to May (except for March), Gap experienced positive year-over-year comparable sales growth.<\/p>\n
As the ongoing mammoth rally continues, analysts are getting divided over whether to hold the stock or not. The company was assigned a \u201cSector Performer\u201d rating by analysts of RBC Capital with a price target of $42 yesterday, which is coincidentally exactly the same target the analysts of Oppenheimer had given on June 20. Among others, analysts at Jefferies Group assigned a target of $56, reiterating their earlier \u201cBuy\u201d. Analysts at Zacks maintained their \u201cNeutral\u201d rating with a price target of $44. The stock has already reached the consensus price target of $42.32 and is currently trading above it.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 07\/10\/2013 (wallstreetpr) –\u00a0The Gap, Inc. (NYSE:GPS) is a top-performer in its market for a long time now. Since the bottom of September 2011, […]<\/p>\n","protected":false},"author":2,"featured_media":8431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[658,2841],"stock_ticker":[],"class_list":["post-8430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysegps","tag-the-gap-inc-nysegps","entry"],"acf":[],"yoast_head":"\n