Research analysts at JPMorgan Chase ( NYSE: JPM) dropped their target price on shares of The Gap ( NYSE: GPS) from $30.00 to $28.00 in a report released on Monday.The analysts wrote, "The company recently reported a robust Q1 performance – including 4% comps and $0.47 in EPS (representing 19% bottom line growth). 
Share:  <span class="sent">Research analysts at JPMorgan Chase ( NYSE: JPM) dropped their target price on shares of The Gap ( NYSE: GPS) from $30.00 to $28.00 in a report released on Monday.The analysts wrote, "The company recently reported a robust Q1 performance – including 4% comps and $0.47 in EPS (representing 19% bottom line growth).</span> Tweet this   read full story

Driven by increased sales and a lower share count, The Gap Inc.'s ( GPS , Analyst Report ) earnings of 47 cents per share for first quarter 2012 beat the Zacks Consensus Estimate by a penny and climbed 17.5% from the prior period earnings of 40 cents. Quarter in Detail. During the quarter, net sales increased 5.8% to $3,487 million from $3,295 million in the year ago quarter. 
Share:  Driven by increased sales and a lower share count, The Gap Inc.'s ( <span class="company">GPS</span> , Analyst Report ) earnings of 47 cents per share for first quarter 2012 beat the Zacks Consensus Estimate by a penny and climbed 17.5% from the prior period earnings of 40 cents. Quarter in Detail. During the quarter, net sales increased 5.8% to $3,487 million from $3,295 million in the year ago quarter. Tweet this   read full story

More than two thirds of the company's revenue came from stores in the U. S., while 12 per cent was generated online. "During the quarter, we improved sales, grew earnings per share and continued investing in the business to drive performance," said CEO Glenn Murphy. Gap said its net income was $233 million, or 47 cents per share. Excluding a penny benefit related to a reassessment of tax positions, it said its net income was 46 cents per share , same as analysts forecast on average, according to FactSet. 
Share:  More than two thirds of the company's revenue came from stores in the U. S., while 12 per cent was generated online. <span class="sent">"During the quarter, we improved sales, grew earnings per share and continued investing in the business to drive performance," said CEO <span class="analyst">Glenn Murphy</span>.</span> <span class="company">Gap</span> said its net income was $233 million, or 47 cents per share. Excluding a penny benefit related to a reassessment of tax positions, it said its net income was 46 cents per share , same as analysts forecast on average, according to FactSet. Tweet this   read full story

Specialty retailer Gap Inc ( NYSE:GPS) is scheduled to announce its Q1 fiscal 12 earnings on May 17th. [ 1 ]. Since the company has already disclosed its Q1 sales along with its April sales , we believe its Q1 margins and international strategy will be prime focus areas on Thursday. 
Share:  Specialty retailer Gap Inc ( <span class="company">NYSE:GPS</span>) is scheduled to announce its Q1 fiscal 12 earnings on May 17th. [ 1 ]. Since the company has already disclosed its Q1 sales along with its April sales , we believe its Q1 margins and international strategy will be prime focus areas on Thursday. Tweet this   read full story

On Friday, it closed at $28.53, up nearly 54 percent so far this year. "We really believe we have a diamond, and we just need it to be polished properly," Mr. Murphy says. IT'S hard to overstate Gap's place in American retailing. When Doris and Don Fisher founded the company in 1969 in San Francisco, they basically invented the specialty apparel store. 
Share:  On Friday, it closed at $28.53, up nearly 54 percent so far this year. <span class="sent">"We really believe we have a diamond, and we just need it to be polished properly," Mr. <span class="analyst">Murphy</span> says.</span> IT'S hard to overstate <span class="company">Gap</span>'s place in American retailing. When Doris and Don Fisher founded the company in 1969 in San Francisco, they basically invented the specialty apparel store. Tweet this   read full story