Should This High-Yielding Retail Play Be on Your Radar?
If retail is dead, nobody told Gap Inc. (NYSE: GPS). In the recently reported third quarter, shares of the clothing retailer outperformed analyst expectations on the top and bottom lines by reporting adjusted earnings per share of $0.58 and revenue of $3.84 billion.
In the heavily watched same-store sales metric, Gap posted 3% growth versus 1% expectations. This makes the fourth straight quarter of same-store sales increases. Gap stock has enjoyed a strong run on the back of this turnaround -- year to date, shares have advanced by 32%, nearly double the S&P 500.
Should this high-yielding, cheaply valued retailer be on your shopping list?
Source: Fool.com
Gap Inc. Stock
€23.86
-0.870%
With 17 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -3.58% for Gap Inc. as the target price of 23 € is below the current price of 23.86 €.
