Company Update (NYSE:GPS): Gap Inc.’s Commitment to Equality Recognized with 2016 Catalyst Award

[Business Wire] – Gap Inc. announced that Chief Executive Officer Art Peck will today accept the prestigious 2016 Catalyst Award on the company’s behalf at the 2016 Catalyst Awards event held in New York City. Read more on this. The Gap, Inc. (GPS) , currently valued at $11.74B, began trading this morning at $28.75. Looking at today’s trading action, the company’s one day range from $28.65 to $29.31 with the price of the stock fluctuating between $21.57 to $43.90 over the last 52 weeks. GPS shares are currently priced at 13.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.15x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 3.05%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.48 per share, which would be $0.08 worse than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.24, which would be a $0.19 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.58 Billion. If reported, that would be a 2.19% decrease over the year-ago quarter. More recently, Morgan Stanley downgraded GPS from Equal-Weight to Underweight (Mar 16, 2016). Previously, Barclays Initiated GPS at to Underweight. The average price target for GPS shares is $26.55, which is 7.65% below where the stock opened this morning. See more in (NYSE:GPS) Similar Articles: Company Update (NYSE:RL): Ralph Lauren Third Quarter Fiscal Year 2016 Results to Be Released Thursday, February 4, 2016 Company Update: The Gap Inc (NYSE:GPS) – Gap Inc. Appoints Apparel Industry Veteran Tracy Gardner to Its Board of Directors Stock Update (NYSE:GPS): Gap Inc. Announces Commitment to Advance the Lives of One Million Women Through Expansion of Its Award-Winning, Signature Education Program