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

Miller Howard Investments Inc. NY boosted its position in shares of The Gap, Inc. (NYSE:GAP) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,998,779 shares of the company’s stock after purchasing an additional 374,739 shares during the period. Miller Howard Investments Inc. NY owned 0.57% of GAP worth $45,652,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of GAP in the 2nd quarter valued at $428,824,000. Bank of America Corp DE acquired a new stake in GAP in the 2nd quarter worth $30,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in GAP by 5.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,170 shares of the company’s stock worth $13,453,000 after purchasing an additional 35,103 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of GAP during the 2nd quarter worth about $12,794,000. Finally, Empowered Funds LLC bought a new position in shares of GAP during the 2nd quarter worth about $12,180,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

Insider Buying and Selling at GAP

In related news, insider Julie Gruber sold 27,538 shares of GAP 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 sale, the insider directly owned 30,876 shares in the company, valued at $727,438.56. This trade represents a 47.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 GAP stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $23.89, for a total value of $11,945,000.00. Following the completion of the sale, the director 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. Insiders sold a total of 1,027,538 shares of company stock valued at $24,249,556 over the last three months. Insiders own 31.00% of the company’s stock.

GAP Stock Down 0.0%

NYSE GAP opened at $22.32 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $21.92 and its two-hundred day moving average is $23.29. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.93 and a beta of 2.05. The Gap, Inc. has a 1-year low of $18.11 and a 1-year high of $29.36.

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

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio (DPR) is 20.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GAP. BMO Capital Markets began coverage on shares of GAP in a research report on Tuesday, September 8th. They set a “market perform” rating and a $23.00 price objective for the company. Bank of America increased their target price on shares of GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. The Goldman Sachs Group lifted their target price on GAP from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. TD Cowen upped their target price on GAP from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, Wolfe Research began coverage on GAP in a research report on Wednesday, October 21st. They issued a “peer perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, GAP currently has a consensus rating of “Hold” and a consensus 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.