Gap, Inc. (GPS) has been downgraded today from “above average” to “below average” by the research analysts at Caris & Company. GPS closed trading down at $19.22.
Gap is slated to release their next earnings report on August 18, 2011 and is estimated to post EPS of 30 cents . Their last earnings report was released on May 19, 2011 and announced an EPS of 0.40 cents with revenue totaling 3.2 billion dollars which was down -1.0 % over the previous year. Gap is currently trading below its 50 & 200-day moving averages and 2011 has overall been bearish for the company.
Gap, Inc. (GPS) is a global specialty retailer offering apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands. The company has market capitalization of $10,913,000,000 and 582,680,000 shares outstanding. GPS has a 52-week high of $23.73 with the low being $16.62.
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