Gap Inc : Today's Research Reports on Stocks to Watch: Canada Goose and The Gap
NEW YORK NY / ACCESSWIRE / June 6, 2017 / Gap Inc.'s shares had a remarkably lackluster trading day on Monday despite an Oppenheimer analyst upgrading the stock and giving it a price target that's roughly 25% higher than current share prices. Shares of Canada Goose continued to head higher after releasing a stellar fourth quarter report this past Friday, which was also the Canadian trendy outwear company's very first since its IPO.
RDI Initiates Coverage on:
The Gap, Inc.
Canada Goose Holdings Inc.
The Gap, Inc.'s shares closed down 0.53% on Monday despite getting an analyst upgrade. Firm Oppenheimer upgraded Gap's stock from "Perform" to "Outperform" and gave it a $28 price target. That price target is nearly a 25% increase compared to Monday's closing price of $22.44. Analyst Anna Andreeva noted that Wall Street expecting the clothing retailer's earnings to be flat-to-down this year are "too conservative." Andreeva also noted that because the company saw 12% earnings per share growth in Q1, with improved margins, it could mean the company may top earnings estimates instead. Gap is expected to release their second-quarter results on August 17th.
Access RDI's The Gap Research Report at:
Canada Goose Holdings Inc.'s shares continued their rally on Monday, closing up 3.97%. The stock hit another new high of $22.55 during intra-day trading and was only a nickel below it at the close. Shares climbed almost 16% on Friday when the trendy coat maker based in Canada had reported its first quarterly report since going public that thrilled investors. Back in March shares of GOO were around C$17. They now hit C$30.33 just a few months later. For the down jacket maker's fourth quarter, sales saw an increase of 21.9% to $51.1 million in Canadian dollars. This was better than $31.1 million in Canadian dollars that was expected. Way better. Also the company's adjusted net loss was better than expected at -$0.15 Canadian versus the -$0.20 Canadian analyst average estimate. CEO Dani Reiss called the quarter "a strong finish to an excellent year of growth." Shares of GOOS are now up over 30% in the past month.
Access RDI's Canada Goose Research Report
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