The Gap, Inc. $GAP Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY raised its holdings in shares of The Gap, Inc. (NYSE:GAP) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,998,779 shares of the company’s stock after acquiring an additional 374,739 shares during the period. Miller Howard Investments Inc. NY’s holdings in GAP were worth $45,652,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GAP. Signaturefd LLC boosted its position in shares of GAP by 57.4% in the 3rd quarter. Signaturefd LLC now owns 6,576 shares of the company’s stock worth $150,000 after purchasing an additional 2,397 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of GAP by 9.3% during the third quarter. Sowell Financial Services LLC now owns 71,231 shares of the company’s stock worth $1,627,000 after purchasing an additional 6,082 shares during the period. MBL Wealth LLC acquired a new stake in shares of GAP during the third quarter worth $349,000. Root Financial Partners LLC bought a new stake in GAP in the third quarter valued at about $118,000. Finally, Vest Financial LLC increased its holdings in GAP by 43.5% in the third quarter. Vest Financial LLC now owns 317,626 shares of the company’s stock valued at $7,255,000 after purchasing an additional 96,271 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Insider Activity

In other GAP news, insider Julie Gruber sold 27,538 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.56, for a total value of $648,795.28. Following the completion of the transaction, the insider directly owned 30,876 shares of the company’s stock, valued at approximately $727,438.56. The trade was a 47.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fisher sold 500,000 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $23.89, for a total value of $11,945,000.00. Following the completion of the transaction, the director directly owned 15,903,198 shares of the company’s stock, valued at approximately $379,927,400.22. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,027,538 shares of company stock worth $24,249,556. Corporate insiders own 31.00% of the company’s stock.

GAP Trading Down 0.0%

Shares of NYSE GAP opened at $22.32 on Tuesday. The company’s fifty day moving average is $21.92 and its 200-day moving average is $23.29. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 6.66, a P/E/G ratio of 0.93 and a beta of 2.05. The Gap, Inc. has a twelve month low of $18.11 and a twelve month high of $29.36. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. GAP had a net margin of 8.14% and a return on equity of 19.72%. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’s revenue was down 2.0% on a year-over-year basis. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. Equities research analysts predict that The Gap, Inc. will post 2.41 EPS for the current year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.1750 per share. The ex-dividend date is Wednesday, October 7th. This represents a $0.70 annualized dividend and a yield of 3.1%. GAP’s payout ratio is currently 20.90%.

Analyst Upgrades and Downgrades

GAP has been the topic of several analyst reports. Needham & Company LLC began coverage on GAP in a research note on Friday, October 16th. They issued a “hold” rating on the stock. Bank of America boosted their target price on GAP from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Wells Fargo & Company boosted their target price on GAP from $22.00 to $23.00 and gave the stock a “cautious” rating in a research report on Friday, August 28th. Morgan Stanley upped their price target on GAP from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Finally, UBS Group increased their price target on shares of GAP from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.07.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children.