After Thursday’s closing bell, apparel retailer The Gap (GPS) released its third quarter financial results. While earnings rose during the quarter, sales remained flat.
Inside The Gap's Q3 Results
The company reported earnings of $351 million, or 80 cents per share, up from $337 million, or 72 cents per share, last year. On average, analysts expected to see earnings of 79 cents per share.
Revenue came in at $3.972 billion, flat from $3.976 billion in the same quarter in the year prior. Analysts expected to see revenue of $4.03 billion.
Mutual Funds to Watch
Investors seeking exposure to The Gap (GPS) may want to consider one of the funds mentioned below as an alternative to purchasing the individual stock. The funds below currently hold the largest stake in the company.
|FLMVX||JPMorgan Mid Cap Value Fund||1.42%|
|VTSMX||Vanguard Total Stock Market Index Fund||0.93%|
|GSMCX||Goldman Sachs Mid Cap Value Fund||0.76%|
The Bottom Line
The funds above hold the largest stake in The Gap and will be the most impacted funds by relevant events such as an earnings report. These funds offer investors a diverse bundle of securities in a number of industries. For investors seeking companies similar to The Gap, The Buckle (BKE) and American Eagle (AEO) may be considered.