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The Gap, Inc. (GPS) Falls: Stock Goes Down 5.3%

The Gap, Inc.GPS saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GPS, as the stock is now down nearly 16% in the past one-month time frame.

On Oct 9, Gap was downgraded to neutral from overweight by MKM Partners Friday, after the company reported weak September same-store sales numbers.

This slump shouldn't be too much of a surprise to investors, as the apparel retail company has seen 9 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

GPS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Retail Apparel/ Shoe sector is Foot Locker, Inc. FL , which currently carries a Zacks Rank #1 (Strong Buy).

Is GPS going up? Or down? Predict to see what others think: Up or Down

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GAP INC (GPS): Free Stock Analysis Report

FOOT LOCKER INC (FL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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