Miller Howard Investments 13F: Adds $8.6M to The Gap (GAP) Stake
Key Points
- Miller Howard Investments raised its stake in The Gap, Inc. by 374,739 shares, which is a 23.1% increase from the previous total of 1,624,040 shares.
- The fund currently holds 1,998,779 shares valued at about $45.7 million, making up 4.24% of its reported portfolio worth $1.08 billion.
- As of October 27, 2026, The Gap, Inc. shares traded recently around $22.26, slightly below its estimated cost basis.
Get The Gap text alerts
We text you when insiders, Congress, analysts or big funds move on $GAP.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated The Gap, Inc. alert may contain errors. Disclosures
On October 26, 2026, Miller Howard Investments boosted its position in The Gap, Inc. (GAP) by 374,739 shares, raising its total to 1,998,779 shares valued at approximately $45.7 million. This information comes from the fund's latest Form 13F filing with the SEC.
GAP
The Gap, Inc.
What Changed in Miller Howard Investments' Position
Miller Howard Investments increased its stake in The Gap, Inc. by 374,739 shares, resulting in a 23.1% increase from its previous holding of 1,624,040 shares. The fund's total reported value for this position is now $45,652,101.00.
Where The Gap, Inc. Fits in Miller Howard Investments' Portfolio
The Gap, Inc. now makes up 4.24% of Miller Howard Investments' overall portfolio, which consists of 159 positions.
Other Institutional Activity in The Gap, Inc.
AQR Capital Management, LLC added 3,128,055 shares, increasing its total to 14,683,484 shares worth about $326.9 million. Arrowstreet Capital, Limited Partnership grew its stake by 4,549,143 shares, bringing its total to 9,093,286 shares valued at approximately $202.4 million. Victory Capital Management Inc. also raised its holdings by 697,324 shares, ending with 6,136,666 shares worth around $136.6 million.
The Gap, Inc. Stock Down 2.8%
The Gap, Inc. shares are recently traded around $22.26 as of October 27, 2026. This price is important as it reflects the company's performance and investor sentiment following its recent earnings report and market conditions.
Recent Earnings
The Gap, Inc. reported trailing twelve-month revenue of approximately $15.33 billion, with a net margin of 8.1%. The company is set to announce its next earnings on November 19, 2026.
Dividend
The Gap, Inc. pays an annual dividend of $0.70 per share, resulting in a yield of about 3.15%. The payout ratio stands at 20.5%.
Insider Buying and Selling at The Gap, Inc.
Several insiders sold shares recently. On September 30, 2026, William Sydney Fisher, a director, sold 66,344 shares at an average price of $23.06, totaling about $1.53 million. Earlier, on October 6, 2026, he sold 933,656 shares, valued at approximately $22.07 million. Julie Grollmus Gruber, an officer, sold 27,538 shares on the same day for around $648,680.
Analysts Set New Price Targets
On August 28, 2026, Wells Fargo maintained an Equal-Weight rating on The Gap, Inc. with a price target of $23.00, up from $22.00. Goldman Sachs also maintained a Buy rating with a target of $27.00, increased from $25.00 on August 31, 2026. BMO Capital initiated coverage with a Market Perform rating and a target of $23.00 on September 9, 2026.
About The Gap, Inc.
The Gap, Inc. is an apparel retail company based in San Francisco, CA. It operates various brands including Old Navy and Banana Republic, offering clothing and accessories for men, women, and children through stores and online. This recent boost in Miller Howard Investments' stake reflects ongoing interest in the company as it navigates the retail landscape.
Bottom Line
Investors will be watching for The Gap, Inc.'s upcoming earnings report on November 19, 2026, as well as any further updates from Miller Howard Investments regarding its holdings. The fund's recent increase in position highlights its confidence in the company's future prospects.
Related Filing Alerts
Source: Miller Howard Investments's 13F filing on $GAP (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts