Quantbot Technologies LP Lowers Stock Holdings in Gildan Activewear, Inc. $GIL

Quantbot Technologies LP lowered its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 72.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,764 shares of the textile maker’s stock after selling 74,537 shares during the quarter. Quantbot Technologies LP’s holdings in Gildan Activewear were worth $1,605,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. JCIC Asset Management Inc. bought a new position in shares of Gildan Activewear in the third quarter worth about $6,920,000. Envestnet Asset Management Inc. lifted its holdings in Gildan Activewear by 9.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after purchasing an additional 39,072 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in Gildan Activewear by 11.8% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock worth $4,561,000 after purchasing an additional 9,774 shares during the period. Intact Investment Management Inc. grew its holdings in Gildan Activewear by 1.7% during the 3rd quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock valued at $66,661,000 after buying an additional 19,196 shares in the last quarter. Finally, Oakcliff Capital Partners LP raised its position in shares of Gildan Activewear by 11.4% during the second quarter. Oakcliff Capital Partners LP now owns 681,689 shares of the textile maker’s stock valued at $33,566,000 after buying an additional 70,000 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GIL. Scotiabank upped their target price on shares of Gildan Activewear from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research report on Monday. Zacks Research cut shares of Gildan Activewear from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $79.00 price objective on shares of Gildan Activewear in a research report on Friday, February 20th. BMO Capital Markets boosted their target price on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.08.

Gildan Activewear Stock Up 0.5%

Shares of NYSE GIL opened at $67.19 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. Gildan Activewear, Inc. has a 12-month low of $37.16 and a 12-month high of $73.69. The firm’s 50-day moving average price is $66.90 and its 200-day moving average price is $61.04. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 25.65 and a beta of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.35). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.01 billion. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The company’s revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities research analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a $0.249 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, March 19th. Gildan Activewear’s dividend payout ratio is 34.35%.

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.