49,688 Shares in Gildan Activewear, Inc. $GIL Acquired by VELA Investment Management LLC

VELA Investment Management LLC acquired a new position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 49,688 shares of the textile maker’s stock, valued at approximately $3,104,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIL. Vanguard Group Inc. lifted its stake in shares of Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after acquiring an additional 1,561,729 shares during the period. Lazard Asset Management LLC lifted its stake in Gildan Activewear by 95.2% in the third quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock valued at $161,749,000 after buying an additional 1,364,953 shares during the period. Hudson Way Capital Management LLC acquired a new position in Gildan Activewear in the third quarter valued at approximately $57,530,000. TD Waterhouse Canada Inc. lifted its stake in Gildan Activewear by 329.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock valued at $78,934,000 after buying an additional 971,746 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in Gildan Activewear in the fourth quarter valued at approximately $36,866,000. 82.83% of the stock is owned by institutional investors and hedge funds.

More Gildan Activewear News

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS of $0.43 vs. $0.36 est. and record first‑quarter revenue up ~63.8% year‑over‑year as HanesBrands was fully consolidated; company reiterated full‑year guidance and synergy targets, which supports medium‑term earnings power. Gildan Reports Record First Quarter Revenue and Maintains its Full Year 2026 Guidance
• Positive Sentiment: Company maintained FY‑2026 EPS guidance (4.20–4.40) and revenue range (~$6.0–$6.2B) and reiterated expected synergy run‑rate (~$250M over three years), giving investors a clearer earnings trajectory post‑acquisition. Q1 release and call materials
• Positive Sentiment: Declared a quarterly cash dividend of $0.249/share (ex‑dividend May 20, payable June 15), which supports yield‑seeking demand and signals cash‑flow confidence.
• Neutral Sentiment: Shareholders re‑elected all nine management nominees, approved auditor reappointment, renewed the Shareholder Rights Plan and passed the non‑binding Say‑on‑Pay — governance items passed but litigation risk remains. Gildan Activewear Reports on Shareholders’ Voting Results
• Negative Sentiment: Regulatory / litigation overhang: law firms launched a class action alert and a fraud investigation (Levi & Korsinsky) tied to past CEO removal/reinstatement and alleged governance failures — these actions create downside risk, potential legal fees and reputational damage. GIL Shareholder Alert: Gildan Activewear Inc. Class Action Lawsuit – Investors Should Contact Levi & Korsinsky Levi & Korsinsky Launches Fraud Investigation
• Negative Sentiment: GAAP results showed a loss for the quarter (GAAP diluted loss per share $0.30) and adjusted metrics reflect integration and inventory moves; near‑term margins were pressured (operating margin (0.1)% GAAP), which could weigh on sentiment until synergies are realized. Q1 press release: GAAP loss and adjusted metrics

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their price target on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Royal Bank Of Canada dropped their price target on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Friday. Scotiabank boosted their price target on Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus boosted their price target on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus target price of $79.92.

Gildan Activewear Trading Down 0.8%

NYSE GIL opened at $61.47 on Friday. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 36.16 and a beta of 1.10. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The business has a 50 day moving average price of $60.14 and a 200-day moving average price of $61.51. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Gildan Activewear had a return on equity of 24.48% and a net margin of 6.10%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. Gildan Activewear’s revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities analysts expect that Gildan Activewear, Inc. will post 4.26 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.249 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.6%. Gildan Activewear’s dividend payout ratio is 38.17%.

Gildan Activewear Company 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.