What is Old Navy’s stock price, and are they publicly traded? Unfortunately, investors cannot purchase shares of Old Navy because it is a private company. However, GAP (NYSE: GPS), Lululemon (NASDAQ: LULU), and TJX Companies (NYSE: TJX) are clothing stocks that traders can invest in.
Old Navy: It’s a staple among affordable clothing brands, and at one point, it felt like every mall in America had one. Most of us wore clothes from Old Navy, whether back-to-school or hand-me-downs. Old Navy has always been a big part of many childhoods.
As we get older, we can understand and appreciate the efficiency of these businesses. Most people shop at Old Navy rather than luxury designer brands. On volume alone, stores like Old Navy make billions of dollars yearly in sales.
Have you ever thought about buying Old Navy stock? Investing in strong retail brands has been the foundation of many investors’ portfolios. This article will provide a history of the brand, investing in Old Navy stock, and some alternative retail stocks for you to consider!
Old Navy is an American retail clothing brand founded in 1994 and headquartered in San Francisco, California. It’s owned by Gap Inc. and started as a brand called Gap Warehouse. To distinguish between the two brands, Gap renamed it to Old Navy in 1994. It was created as a lower-priced, discount version of the Gap brand.
The company has been through several attempts at re-branding itself as more competition appeared. This was especially apparent in the early 2000s when the popularity of brands like Hollister and American Eagle was at its height. Old Navy attempted to take on a more high-fashion feel but would ultimately revert to its familiar audience.
Old Navy set a record for the first retail brand to earn $1 billion in sales within its first four years of operations. By 2000, just six years after it was founded, Old Navy had opened more than 500 stores in the United States. In 2001, Old Navy began its international expansion when it opened a dozen stores in Canada.
As of 2024, Old Navy has more than 1200 stores worldwide and earned more than $8.0 billion in revenue in 2023. What about Old Navy stock?
Technically, no, Old Navy stock itself is not publicly traded. Old Navy is a brand that Gap Inc owns. You won’t find any Old Navy stock trading on any stock market in the world. So, what can you do to buy stock in Old Navy? There is a way to invest in Old Navy, so let’s talk about how you can do that next!
Is Gap Stock a Good Investment?
The catch is that Old Navy’s parent company, Gap Inc., is publicly traded. Shares of Gap trade on the New York Stock Exchange under the ticker symbol NYSE: GPS. The stock is a component of the S&P 400 index, which tracks 400 mid-cap American companies.
When you buy shares of Gap, you are investing in Gap, Old Navy stock, Athleta, and the Banana Republic. All of these brands fall under the umbrella of Gap Inc., and you are exposed to them when you own Gap stock.
Gap Inc. began trading on the New York Stock Exchange when it held its IPO in May 1976. Shares were initially offered for $18.00 per share. Since its IPO, Gap’s stock has split ten times, with the most recent split in June 1999. The split-adjusted price for Gap if you bought at its IPO in 1976 is just $0.11 per share.
As of May 2024, Gap has a market capitalization of $8.13 billion and pays a quarterly dividend yield of 2.76%.
Is Gap stock a good investment? Over the past five years, Gap has traded flat and has trailed the benchmark S&P 500 index by nearly 90%. Since its IPO, Gap has returned several thousand percent to initial investors. The split-adjusted price of $0.11 has grown to the current share price of more than $21.00 per share.
It has been a very lucrative investment for long-term investors who had the opportunity to invest in Gap from the start. It hasn’t been as fruitful for those who entered the stock recently. Gap is a value stock now, so you likely won’t see outsized returns. Consider Gap a steady stock with consistent revenue and a fairly stable dividend distribution.
Is Gap Stock a Good Investment?
The catch is that Old Navy’s parent company, Gap Inc., is publicly traded. Shares of Gap trade on the New York Stock Exchange under the ticker symbol NYSE: GPS. The stock is a component of the S&P 400 index, which tracks 400 mid-cap American companies.
When you buy shares of Gap, you are investing in Gap, Old Navy stock, Athleta, and the Banana Republic. All of these brands fall under the umbrella of Gap Inc., and you are exposed to them when you own Gap stock.
Gap Inc. began trading on the New York Stock Exchange when it held its IPO in May 1976. Shares were initially offered for $18.00 per share. Since its IPO, Gap’s stock has split ten times, with the most recent split in June 1999. The split-adjusted price for Gap if you bought at its IPO in 1976 is just $0.11 per share.
As of May 2024, Gap has a market capitalization of $8.13 billion and pays a quarterly dividend yield of 2.76%.
Is Gap stock a good investment? Over the past five years, Gap has traded flat and has trailed the benchmark S&P 500 index by nearly 90%. Since its IPO, Gap has returned several thousand percent to initial investors. The split-adjusted price of $0.11 has grown to the current share price of more than $21.00 per share.
It has been a very lucrative investment for long-term investors who had the opportunity to invest in Gap from the start. It hasn’t been as fruitful for those who entered the stock recently. Gap is a value stock now, so you likely won’t see outsized returns. Consider Gap a steady stock with consistent revenue and a fairly stable dividend distribution.
So, if you want to invest in Old Navy stock, you can buy Gap. But what if you’re not convinced that Gap is a great investment? The five-year returns for the stock are somewhat lackluster, so I can understand if you would want to look elsewhere within the retail sector. Luckily, we’ve compiled a list of stocks you can consider for your portfolio if you want exposure to retail companies!
1. Skechers USA Inc (NYSE: SKX)
For every mall in America that has an Old Navy, there is probably a Skechers store not too far away. Skechers is an American footwear and athletic apparel company founded in 1992. Robert Greenberg, who founded the shoe company L.A. Gear, also founded Sketchers.
Skechers has fared far better than Gap as a stock in recent years. The five-year returns for Skechers is more than 140%. The company has a market capitalization of $10 billion and reported revenue of more than $8 billion in 2023.
There are more than 5,200 Skechers stores worldwide across more than 180 countries. As a result, check out Sketchers as a great alternative to Old Navy stock.
2. Nike (NYSE: NKE)
It’s not exactly an apples-to-apples comparison to Old Navy stock, but no list of retail stocks can be complete without mentioning Nike. Nike, the global leader in footwear and athletic apparel, was established in 1964 in Beaverton, Oregon.
The brand was originally called Blue Ribbon Sports but changed in 1971, taking on the persona and imagery of the Greek goddess of victory.
Nike has an incredible presence throughout the world of athletics and pop culture. It is best known for its basketball shoes for superstars such as Lebron James and Michael Jordan. Nike is also a major brand in streetwear, skateboarding, and other sports like golf, tennis, and the NFL.
The company has a market cap of $138 billion and reported sales of more than $51 billion in 2023. Nike stock is a component of the S&P 100, S&P 500, and the Dow Jones Industrial Average.
3. Lululemon Athletica (NASDAQ: LULU)
While not in the same price range, Lululemon is another retail brand that rivals Old Navy at shopping centers worldwide, making it a great Old Navy stock alternative.
Lulu is a Canadian athletic leisure clothing brand that has grown to be one of the largest retail companies in the world. It operates over 700 stores worldwide and earned revenue of more than $9 billion in 2023.
Lululemon is now a $40 billion company and has expanded from yoga pants to a full line of clothing for men and women. Included is footwear, which the company launched in 2022. Over the past five years, Lulu shareholders have seen a more than 90% return. Since its IPO in July 2007, Lulu’s stock has gained more than 2,200%.
4. TJX Companies (NYSE: TJX)
TJX Companies is another American retail corporation with several discount brands, including TJ Maxx, Marshalls, and Homesense. It operates several chains in international markets, including TK Maxx in Europe and Winners in Canada. In total, TJX operates nearly 5,000 locations worldwide.
Most of TJX’s brands are considered off-price department stores. They purchase surplus and older inventory from other stores that they can sell at a discount to their customers.
In 2023, TJX brought in nearly $50 billion in revenue, and over the past five years, the stock has returned 94% to shareholders. TJX even pays a quarterly dividend with a 1.5% yield as of May 2024.
5. Abercrombie and Fitch (NYSE: ANF)
The last retail stock on the list might surprise you with its five-year returns. Many of you will remember Abercrombie and Fitch from the 2000s advertised as classic and preppy summer wear for teenagers. The company started in 1892 as a store to sell clothing for outdoor activities like fishing.
As of the end of 2023, there were about 765 Abercrombie stores worldwide which include its other brands like Hollister and Gilly Hicks.
Shares of Abercrombie have had the best returns over the past five years. Shareholders have seen returns of 467% over that time. Abercrombie is a $7 billion company, similar to Gap Inc., but does not pay dividends. In 2023, the company brought in about $4.2 billion in sales.
Old Navy continues to be a staple for consumers looking for fashionable clothing at a reasonable price. The brand has a strong presence at most malls and shopping outlets in the United States and a reasonable international presence.
You can’t buy Old Navy stock if you want to invest in the company. Why? Because Gap Inc. owns Old Navy, you will have to buy shares of Gap instead. If you buy Gap stock, you will be exposed to other brands like Athleta and Banana Republic.
If you liked this article on Old Navy stock, come check out our investing community at Bullishbears.com!
Frequently Asked Questions
No, as of 2024, Old Navy is not a public company. Gap Inc. owns it and trades under the ticker symbol NYSE: GPS. Gap Inc. owns Old Navy, Athleta, and Banana Republic and is an S&P 400 mid-cap index member.
Gap is a fine retail company in which to invest. It owns multiple brands and has a strong global presence and brand awareness. Still, the returns from owning Gap stock trail other retail brands, so you should not expect outsized gains. Gap stock pays a quarterly dividend with a yield of 2.78%.
There are a couple of theories behind Old Navy’s curious name. First, one of the Presidents of Gap Inc. saw the phrase on a marquee over a bar in Paris, France. Another theory suggests that Old Navy was named after a bar in Peru that the founders of Gap Inc. were fond of. Either way, Old Navy got its name from an overseas bar.
Gap Inc. has split its stock nine times since its IPO in May 1976. The most recent stock split for Gap came in June 1999. After all the stock splits, the split-adjusted price for shares held since the IPO is just $0.11 per share.
