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MarketScreener Homepage  >  Equities  >  Nyse  >  Gap Inc    GPS

GAP INC

(GPS)
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Gap : dumps plans to spin off Old Navy as a separate entity

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01/16/2020 | 04:50pm EST

NEW YORKGap Inc. says it no longer intends to spin off Old Navy as a separate entity.

The company said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the retailer's recent struggles.

The company announced in February 2019 that it planned to split into two publicly traded companies, one for its low-cost Old Navy brand and another for the Gap, Banana Republic and its lesser known brands like Athleta, Intermix and Hill City.

Like many mall-based clothing chains, San Francisco-based Gap Inc. is seeking ways to turn its business around.

Its stock was up about 7% in after-hours trading Thursday.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2020 16 256 M
EBIT 2020 985 M
Net income 2020 656 M
Debt 2020 89,5 M
Yield 2020 5,71%
P/E ratio 2020 9,62x
P/E ratio 2021 10,1x
EV / Sales2020 0,40x
EV / Sales2021 0,40x
Capitalization 6 368 M
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Technical analysis trends GAP INC
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 25
Average target price 17,66  $
Last Close Price 17,06  $
Spread / Highest target 49,5%
Spread / Average Target 3,51%
Spread / Lowest Target -23,8%
EPS Revisions
Managers
NameTitle
Bob J. Fisher Non-Executive Chairman, President & CEO
Teri L. List-Stoll Executive VP, Chief Financial & Accounting Officer
Sally Gilligan Chief Information Officer
Rathi Murthy Chief Technology Officer & Senior Vice President
Mayo A. Shattuck Independent Director
Sector and Competitors
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