Gap Inc. offers compelling value after a ~15% YTD and ~25% 12-month decline to a single-digit P/E multiple. I reiterate my buy rating on GAP, seeing margin improvement and a fundamental reset despite a disappointing Q1 and lowered top-line guidance. GAP is shifting from heavy discounting to improved supply planning, aiming to reduce inventory gluts and support healthier pricing.
Gap: Despite Sliding Old Navy Trends, This Remains A Compelling Value Buy
Source: Seeking Alpha