Gap (GPS, $17.81) to hire 10,000+ new workers to meet holiday season demand
On Thursday, retail company Gap announced plans to hire more than 10,000 new workers to help support its customer service for the holiday season.
“We know the holiday season will be different this year and are committed to helping our teams provide a safe and seamless shopping experience,” said Sheila Peters, head of People and Culture at Gap Inc.
The positions include packing, assembling, preparing orders for shipment, and working at customer contact centers. Customer contact workers can choose to work remotely, and fulfillment-center workers can select their working hours during the weekends, days, and nights. Jobs are offered across six fulfillment locations and three customer-contact locations.
Gap served 3.5 million new customers through its online channels in the second quarter
The company hired more than 50,000 employees in the first half of the year.
According to Tickeron, GPS's RSI Indicator leaves overbought zone
The 10-day RSI Indicator for GPS moved out of overbought territory on September 03, 2020. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 instances where the indicator moved out of the overbought zone. In 19 of the 23 cases the stock moved lower in the days that followed. This puts the odds of a move down at 83%.
Current price $17.85 crossed the resistance line at $17.62 and is trading between $17.92 support and $17.62 resistance lines. Throughout the month of 08/28/20 - 09/30/20, the price experienced a -3% Downtrend, while the week of 09/23/20 - 09/30/20 shows a +3% Uptrend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Momentum Indicator moved below the 0 level on September 10, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on GPS as a result. In 63 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 72%.
The Moving Average Convergence Divergence Histogram (MACD) for GPS turned negative on September 09, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 38 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
GPS broke above its upper Bollinger Band on August 25, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The 50-day Moving Average for GPS moved above the 200-day moving average on August 26, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Aroon Indicator entered an Uptrend today. In 137 of 201 cases where GPS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.56.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GPS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The Tickeron SMR rating for this company is 87 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 37 (best 1 - 100 worst), indicating steady price growth. GPS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 17 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.83) is normal, around the industry mean (4.71). P/E Ratio (10.77) is within average values for comparable stocks, (50.37). Projected Growth (PEG Ratio) (1.13) is also within normal values, averaging (8.43). GPS has a moderately high Dividend Yield (5.57) as compared to the industry average of (2.35). P/S Ratio (0.36) is also within normal values, averaging (0.94).
The Tickeron PE Growth Rating for this company is 14 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
GPS's Stochastic Oscillator remains in overbought zone for 1 day
Expect a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GPS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for GPS entered a downward trend on June 01, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GPS's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on GPS as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GPS just turned positive on May 26, 2023. Looking at past instances where GPS's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where GPS advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .
GPS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.361) is normal, around the industry mean (3.366). P/E Ratio (77.200) is within average values for comparable stocks, (107.547). Projected Growth (PEG Ratio) (1.003) is also within normal values, averaging (4.382). Dividend Yield (0.074) settles around the average of (0.041) among similar stocks. P/S Ratio (0.192) is also within normal values, averaging (1.527).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GPS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GPS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of stores that retail clothing, accessories and personal care products
Industry ApparelFootwearRetail
GPS and
Correlation & Price change
A.I.dvisor indicates that over the last year, GPS has been closely correlated with URBN. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if GPS jumps, then URBN could also see price increases.
| Ticker / NAME | Correlation To GPS | 1D Price Change % | ||
|---|---|---|---|---|
| GPS | 100% | +0.75% | ||
| URBN - GPS | 69% Closely correlated | -1.07% | ||
| CRI - GPS | 66% Loosely correlated | -1.11% | ||
| AEO - GPS | 65% Loosely correlated | +1.18% | ||
| VSCO - GPS | 65% Loosely correlated | -8.72% | ||
| GES - GPS | 63% Loosely correlated | -1.72% | ||
More | ||||
