Miller Howard Investments Inc. NY Acquires 900,855 Shares of The Gap, Inc. $GAP

Miller Howard Investments Inc. NY increased its holdings in shares of The Gap, Inc. (NYSE:GAP) by 112.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,704,021 shares of the company’s stock after buying an additional 900,855 shares during the period. Miller Howard Investments Inc. NY’s holdings in GAP were worth $41,237,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in shares of GAP in the 4th quarter worth $26,000. Plato Investment Management Ltd acquired a new stake in GAP in the fourth quarter worth $28,000. V Square Quantitative Management LLC bought a new position in shares of GAP during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in shares of GAP by 177.0% during the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock worth $153,000 after purchasing an additional 4,483 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of GAP in the 4th quarter valued at $203,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on GAP. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $27.00 price objective (down from $35.00) on shares of GAP in a research note on Friday, May 29th. Wall Street Zen cut GAP from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Evercore set a $20.00 price target on GAP and gave the stock an “in-line” rating in a report on Friday, May 29th. Barclays dropped their price target on GAP from $33.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Telsey Advisory Group lifted their price objective on GAP from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.71.

Insider Transactions at GAP

In other news, insider Amanda J. Thompson sold 25,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $25.14, for a total transaction of $628,500.00. Following the completion of the transaction, the insider directly owned 86,228 shares of the company’s stock, valued at $2,167,771.92. This represents a 22.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric Kayen Chan sold 13,377 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $26.18, for a total value of $350,209.86. Following the transaction, the insider owned 21,967 shares of the company’s stock, valued at approximately $575,096.06. The trade was a 37.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 343,679 shares of company stock valued at $8,741,864 over the last three months. 31.00% of the stock is currently owned by corporate insiders.

GAP Trading Down 1.0%

Shares of NYSE:GAP opened at $20.42 on Wednesday. The Gap, Inc. has a 12 month low of $18.68 and a 12 month high of $29.36. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $22.99 and its 200 day simple moving average is $25.19. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.22 and a beta of 2.03.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.52 billion. GAP had a net margin of 6.25% and a return on equity of 21.13%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, research analysts forecast that The Gap, Inc. will post 2.33 EPS for the current fiscal year.

GAP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 8th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, July 8th. GAP’s payout ratio is 27.56%.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.