We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. The Gap, Inc. (NYSE:GAP) is one of the stocks Jim Cramer recently discussed.
The Gap, Inc. (NYSE:GAP)’s shares are down by 6.8% year-to-date, primarily on the back of a major selloff in May that saw them sink by 20%. The shares fell in May after the firm flagged that tariffs could lead to it booking as much as $300 million in expenses. Investors were further spooked by the fact that while The Gap, Inc. (NYSE:GAP) did outline the tariff-induced costs, it did not include them in its guidance. The shares slid by an additional 2.8% in August after the firm increased its net tariff expenses to $150 million and $175 million from an earlier $100 million and $150 million. Cramer wondered whether The Gap, Inc. (NYSE:GAP) could make a comeback:
“And then Richard Dickson, can Gap Stores make a comeback? 28 to 20 when he was on last. I’d like to see.”
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Here are the CNBC TV host’s previous thoughts about The Gap, Inc. (NYSE:GAP):
“Hey, but how about some other stories? I remember having Richard Dickson, CEO of GAP, on the show right after the old unfortunate Liberation Day tariffs, and after its quarter, stock was crushed. That’s a decent story. Good rally.”
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Disclosure: None. This article is originally published at Insider Monkey.