Stock Update (NYSE:GPS): Gap Inc. Reports February Sales Results

[Business Wire] – Gap Inc. today reported that net sales for the four-week period ended February 27, 2016 were $888 million compared with net sales of $918 million for the four-week period ended February 28, 2015. Read more on this. The Gap, Inc. (GPS) , valued at $11.47B, opened at $28.29. During the trading session, GPS traded between $27.99 to $28.58 with a trailing 52-week range being $21.57 to $43.90. GPS shares are currently priced at 12.67x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.67x earnings multiple for the same period. The company pays shareholders $0.92 per share in dividend income per year, for a current yield of 3.33%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.48 per share, which would be $0.08 worse than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $2.24 is a $0.19 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.57 Billion. If realized, that would be a 2.46% decrease over the year-ago quarter. In terms of ratings, Barclays Initiated GPS at Underweight (Oct 29, 2015). Previously, MKM Partners downgraded GPS from Buy to Neutral. Investors should keep in mind is that the average price target is $25.93, which is 8.34% below where the stock opened this morning. See more in (NYSE:GPS) Similar Articles: Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada Company Update: The TJX Companies Inc (NYSE:TJX) – The TJX Companies, Inc. Reports Above-Plan Q4 and FY16 Results; Q4 Comp Sales up 6% and EPS up 6%; Announces Plans to Increase Dividend 24% and Buy Back $1.5B to $2.0B of Stock; Provides FY17 Guidance Company Update: The Gap Inc (NYSE:GPS) – Gap Inc. Reports October and Third Quarter Sales Results