NEW YORK (TheStreet) -- Shares of The Gap (GPS) are rising, up 0.9% to $40.92 in early market trading on Friday, continuing its gains from after-hours trading yesterday on upbeat comparable sales numbers for November.
The clothing retailer announced that comparable sales grew 6% from a year ago to $1.72 billion, up from $1.63 billion in November of 2013.
Gap saw gains of 18% at its Old Navy stores, up from a 3% gain in November of 2013. Banana Republic sales was up 2% for November, better than the 1% decline it reported last year.
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However, Gap stores saw a 4% decline in November sales, compared to its year ago 2% gain.
"With much of the holiday season still ahead, we remain focused on strong execution across all of our brands," said chairman and CEO Glenn Murphy in a statement.
Separately, TheStreet Ratings team rates GAP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GAP INC (GPS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."