The Gap, Inc. (GPS - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $21.20 – $23.25 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after Target Corporation (TGT - Free Report) raised its second quarter forecast, bringing some optimism to retailers in general.
The company has seen 11 negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Gap currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Gap, Inc. (The) Price and Consensus
A better-ranked stock in the Retail - Apparel and Shoes industry is J.Jill, Inc. (JILL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is GPS going up? Or down? Predict to see what others think: Up or Down
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