Louisbourg Investments Inc. Has $10.35 Million Stake in Gildan Activewear, Inc. $GIL

Louisbourg Investments Inc. raised its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 23.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,231 shares of the textile maker’s stock after purchasing an additional 33,915 shares during the quarter. Gildan Activewear accounts for approximately 2.1% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 8th biggest position. Louisbourg Investments Inc.’s holdings in Gildan Activewear were worth $10,351,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GIL. Maseco LLP bought a new stake in shares of Gildan Activewear during the 2nd quarter worth $26,000. Smartleaf Asset Management LLC raised its stake in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after acquiring an additional 343 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Gildan Activewear in the first quarter worth about $29,000. Assetmark Inc. boosted its stake in shares of Gildan Activewear by 5,200.0% in the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Gildan Activewear by 51.4% during the 2nd quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock valued at $100,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Desjardins increased their price objective on shares of Gildan Activewear from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday. Royal Bank Of Canada boosted their price objective on Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. TD Securities reaffirmed a “buy” rating and issued a $74.00 target price on shares of Gildan Activewear in a report on Thursday, October 30th. Finally, Citigroup lowered Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price target for the company from $60.00 to $63.00 in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.46.

Gildan Activewear Trading Down 1.8%

NYSE GIL opened at $63.46 on Friday. The stock has a market capitalization of $11.75 billion, a P/E ratio of 20.27 and a beta of 1.12. The business has a 50 day simple moving average of $58.79 and a 200 day simple moving average of $54.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $65.43.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $925.24 million. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Research analysts expect that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio (DPR) is presently 28.75%.

Gildan Activewear Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.