Wedge Capital Management L L P NC Purchases Shares of 590,233 Gildan Activewear, Inc. $GIL

Wedge Capital Management L L P NC acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 590,233 shares of the textile maker’s stock, valued at approximately $36,866,000. Wedge Capital Management L L P NC owned approximately 0.32% of Gildan Activewear at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in Gildan Activewear by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock valued at $584,000 after buying an additional 4,360 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after acquiring an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Gildan Activewear by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after acquiring an additional 4,714 shares in the last quarter. Creative Planning increased its stake in Gildan Activewear by 15.9% in the second quarter. Creative Planning now owns 18,049 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 2,480 shares during the period. Finally, Cetera Investment Advisers increased its stake in Gildan Activewear by 2.1% in the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after acquiring an additional 259 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $54.39 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 20.76 and a beta of 1.05. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $73.69. The firm’s 50-day moving average price is $65.50 and its two-hundred day moving average price is $61.48.

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

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be given a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, March 19th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is presently 38.17%.

Analyst Ratings Changes

A number of research analysts have commented on GIL shares. Royal Bank Of Canada cut their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. TD Securities reissued a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Tuesday, January 27th. Stifel Nicolaus raised their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Zacks Research lowered Gildan Activewear from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Finally, Scotiabank upped their price target on Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research report on Monday, March 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.08.

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.