GPS Gap

Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags and fragrances. The Athleta segment offers fitness apparel for women. The Intermix segment features styles from various designers. The company founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.
Company profile
Ticker
GPS
Exchange
Website
CEO
Sonia Syngal
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
941697231
GPS stock data
()
News
This Week's Stars Are Zoom, Target And Costco
1 Mar 21
Morgan Stanley Maintains Equal-Weight on Gap, Raises Price Target to $27
24 Feb 21
Analyzing Gap's Unusual Options Activity
10 Feb 21
10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session
1 Feb 21
Athleta Adds Extended Sizing To 350 Styles In Its 200 Stores And Online
21 Jan 21
Press releases
Gap Inc. Announces Plans to Build New Distribution Center in Longview, Texas to Meet Rising Demand for Digital Shopping
24 Feb 21
Gap Introduces 'GENERATION GOOD' - Forces For Good Across Generations
22 Feb 21
Gap Inc. to Report Fourth Quarter 2020 Results on March 4
11 Feb 21
RYU Apparel Inc. Announces the Appointment of Industry Veteran Rob Blair as Chief Operating Officer
28 Jan 21
RYU Apparel Inc. Announces the Appointment of Industry Veteran Rob Blair as Chief Operating Officer
28 Jan 21
Calendar
25 Nov 20
2 Mar 21
30 Jan 22
Financial summary
Quarter (USD) |
Oct 20 | Aug 20 | May 20 | Nov 19 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Feb 20 | Feb 19 | Feb 18 | Jan 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from Gap earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.5B | 2.5B | 2.5B | 2.5B | 2.5B | 2.5B |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 64.58M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | n/a | 261.1M | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 2.24B | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 34.7 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Feb 21 | Nancy Green | Common Stock | Sell | Dispose S | No | Yes | 25 | 3,334 | 83.35K | 69,359 |
16 Feb 21 | Breitbard Mark | Common Stock | Sell | Dispose S | No | Yes | 23.29 | 6,948 | 161.82K | 45,535 |
11 Feb 21 | Nancy Green | Common Stock | Sell | Dispose S | No | Yes | 23 | 15,400 | 354.2K | 72,693 |
4 Feb 21 | O'Neill Chris | Common Stock | Grant | Aquire A | No | No | 0 | 5,458 | 0 | 5,458 |
4 Feb 21 | O'Neill Chris | Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 4,985 | 0 | 23,556 |
4 Feb 21 | O'Neill Chris | Dividend Equivalent Rights Common Stock | Option exercise | Dispose M | No | No | 0 | 473.354 | 0 | 739.833 |
1 Feb 21 | Curran Shawn | Common Stock | Sell | Dispose S | No | Yes | 20.26 | 7,562 | 153.21K | 36,186.655 |
Institutional ownership Q4 2020
51.6% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 382 |
Opened positions | 90 |
Closed positions | 43 |
Increased positions | 99 |
Reduced positions | 131 |
13F shares |
Current |
---|---|
Total value | 3.9B |
Total shares | 192.98M |
Total puts | 14.09M |
Total calls | 14.04M |
Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 26.12M | $527.45M |
Dodge & Cox | 25.31M | $511.07M |
BLK Blackrock | 12.29M | $248.19M |
JPM JPMorgan Chase & Co. | 7.9M | $159.45M |
STT State Street | 7.42M | $149.76M |
Coatue Management | 7.39M | $149.28M |
Two Sigma Investments | 7M | $141.31M |
Parnassus Investments | 6.1M | $123.16M |
Two Sigma Advisers | 5.95M | $120.17M |
Alliancebernstein | 4.97M | $100.32M |
Financial report summary
?Competition
Buckle • Destination Maternity • Carters • Hanesbrands • Mahwah Bergen Retail • Kontoor BrandsRisks
- We must successfully gauge apparel trends and changing consumer preferences to succeed.
- Our business is highly competitive.
- Global economic conditions and any related impact on consumer spending patterns could adversely impact our results of operations.
- We may engage in or seek to engage in strategic transactions, such as acquisitions and dispositions, that are subject to various risks and uncertainties, which could disrupt or adversely affect our businesses.
- We must maintain our reputation and brand image.
- Our failure to manage key executive succession and retention and to continue to attract qualified personnel could have an adverse impact on our results of operations.
- Our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate.
- If we are unable to manage our inventory effectively, our gross margins could be adversely affected.
- Our business is subject to risks associated with global sourcing and manufacturing.
- We are subject to data and security risks, which could have an adverse effect on our results of operations and consumer confidence in our security measures.
- Failures of, or updates or changes to, our IT systems may disrupt operations.
- Our efforts to expand internationally may not be successful.
- The market for real estate is competitive.
- Risks associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct, could harm our business.
- Our franchise business is subject to certain risks not directly within our control that could impair the value of our brands.
- Trade matters may disrupt our supply chain.
- Our business is exposed to the risks of foreign currency exchange rate fluctuations and our hedging strategies may not be effective in mitigating those risks.
- We experience fluctuations in our comparable sales and margins.
- Changes in our credit profile or deterioration in market conditions may limit our access to the capital markets and adversely impact our financial position or our business initiatives.
- Changes in the regulatory or administrative landscape could adversely affect our financial condition and results of operations.
- Our results could be adversely affected by natural disasters, public health crises, political crises, negative global climate patterns, or other catastrophic events.
- Reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards could adversely affect our operating results and cash flows.
- We are subject to various proceedings, lawsuits, disputes, and claims from time to time, which could adversely affect our business, financial condition, and results of operations.
Management Discussion
- See Note 2 and Note 10 of Notes to Condensed Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q, for net sales disaggregation.
- Comp Sales include the results of Company-operated stores and sales through online channels. The calculation of Gap Inc. Comp Sales includes the results of Intermix, Janie and Jack, and Hill City, but excludes the results of our franchise business.
- A store is included in the Comp Sales calculations when it has been open and operated by the Company for at least one year and the selling square footage has not changed by 15 percent or more within the past year. A store is included in the Comp Sales calculations on the first day it has comparable prior year sales. Stores in which the selling square footage has changed by 15 percent or more as a result of a remodel, expansion, or reduction are excluded from the Comp Sales calculations until the first day they have comparable prior year sales.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
asPart, AveragePrice, Breitbard, broader, buyout, COBRA, Curran, earned, Green, Gruber, healthcare, hereto, involuntary, July, lockdown, MaximumNumber, MayYet, nonfinancial, Numberof, October, ofSharesPurchased, orapproximatedollar, Overview, PaidPer, Plansor, population, Power, powerful, prioritizing, propel, prorated, PurchasedUnder, reimbursement, salary, scope, SharesPurchased, strength, surging, TotalNumber, underperforming, undertaken, warehouse
Removed:
anticipated, evaluating, foundation, immaterial, paper, retailer, revitalization, warrant
Financial reports
10-Q
2020 Q3
Quarterly report
25 Nov 20
10-Q
2020 Q2
Quarterly report
31 Aug 20
10-Q
2020 Q1
Quarterly report
9 Jun 20
10-K
2019 FY
Annual report
17 Mar 20
10-Q
2019 Q3
Quarterly report
27 Nov 19
10-Q
2019 Q2
Quarterly report
30 Aug 19
10-Q
2019 Q1
Quarterly report
31 May 19
10-K
2018 FY
Annual report
19 Mar 19
10-Q
2018 Q3
Quarterly report
30 Nov 18
10-Q
2018 Q2
Quarterly report
30 Aug 18
Current reports
8-K
Gap Inc. Reports Third Quarter Results
23 Nov 20
8-K
Regulation FD Disclosure
8 Oct 20
8-K
Departure of Directors or Certain Officers
3 Sep 20
8-K
Gap Inc. Reports Second Quarter Results
27 Aug 20
8-K
Departure of Directors or Certain Officers
13 Aug 20
8-K
Unregistered Sales of Equity Securities
26 Jun 20
8-K
Gap Inc. Reports First Quarter Results
4 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
21 May 20
8-K
Gap Inc. Announces Closing of $2.250 Billion of Senior Secured Notes Offering and $1.868 Billion ABL Credit Facility
8 May 20
8-K
Gap Inc. Announces Pricing of Offering of $2.25 Billion of Senior Secured Notes
23 Apr 20
Registration and prospectus
S-8
Registration of securities for employees
3 Jun 19
S-8
Registration of securities for employees
19 Mar 19
S-8
Registration of securities for employees
4 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Dec 15
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Dec 15
S-8
Registration of securities for employees
8 Dec 14
S-8 POS
Registration of securities for employees (post-effective amendment)
8 Dec 14
S-8 POS
Registration of securities for employees (post-effective amendment)
8 Dec 14
S-8
Registration of securities for employees
8 Dec 13
S-8
Registration of securities for employees
10 Jun 13
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
7 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 18
DEFA14A
Additional proxy soliciting materials
9 Apr 18
DEF 14A
Definitive proxy
3 Apr 17
DEFA14A
Additional proxy soliciting materials
3 Apr 17
DEFA14A
Additional proxy soliciting materials
1 May 16
DEF 14A
Definitive proxy
4 Apr 16
Other
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
CT ORDER
Confidential treatment order
9 Sep 18
SD
Conflict minerals disclosure
31 May 18
CT ORDER
Confidential treatment order
27 Aug 17
SD
Conflict minerals disclosure
30 May 17
CT ORDER
Confidential treatment order
14 Jun 16
SD
Conflict minerals disclosure
30 May 16
CT ORDER
Confidential treatment order
27 Mar 16
CT ORDER
Confidential treatment order
18 Oct 15
Ownership
4
GAP / Nancy Green ownership change
23 Feb 21
4
GAP / Mark Breitbard ownership change
17 Feb 21
4
GAP / Nancy Green ownership change
16 Feb 21
SC 13G/A
GAP / DODGE & COX ownership change
11 Feb 21
SC 13G/A
GAP / VANGUARD ownership change
10 Feb 21
4
GAP / Chris O'Neill ownership change
8 Feb 21
4
GAP / Shawn Curran ownership change
2 Feb 21
4
GAP / Asheesh Saksena ownership change
12 Jan 21
3
GAP / Asheesh Saksena ownership change
12 Jan 21
4
GAP / SANDRA STANGL ownership change
15 Dec 20
Transcripts
2020 Q3
Earnings call transcript
25 Nov 20
2020 Q2
Earnings call transcript
28 Aug 20
2020 Q1
Earnings call transcript
5 Jun 20
2019 Q4
Earnings call transcript
12 Mar 20
2019 Q3
Earnings call transcript
21 Nov 19
2019 Q2
Earnings call transcript
22 Aug 19
2019 Q1
Earnings call transcript
30 May 19
2018 Q4
Earnings call transcript
1 Mar 19
2018 Q3
Earnings call transcript
20 Nov 18
2018 Q2
Earnings call transcript
23 Aug 18
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