The Manufacturers Life Insurance Company Increases Position in Gildan Activewear, Inc. $GIL

The Manufacturers Life Insurance Company raised its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 15.7% in the first quarter, Holdings Channel reports. The fund owned 6,706,078 shares of the textile maker’s stock after buying an additional 909,001 shares during the period. The Manufacturers Life Insurance Company’s holdings in Gildan Activewear were worth $373,122,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Washburn Capital Management Inc. boosted its holdings in shares of Gildan Activewear by 3.8% during the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after purchasing an additional 157 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Gildan Activewear by 16.5% in the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 192 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Gildan Activewear by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock valued at $549,000 after purchasing an additional 193 shares during the last quarter. Tacita Capital Inc lifted its position in Gildan Activewear by 1.9% during the fourth quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock worth $704,000 after buying an additional 211 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Gildan Activewear by 2.1% during the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GIL has been the topic of a number of recent research reports. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotiabank reiterated a “sector outperform” rating and set a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. UBS Group reissued a “buy” rating on shares of Gildan Activewear in a report on Friday, July 17th. Finally, Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.21.

Gildan Activewear Trading Up 1.4%

Shares of GIL stock opened at $50.64 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The firm has a market cap of $9.38 billion, a PE ratio of 29.79 and a beta of 1.11. The company has a 50-day moving average of $54.80 and a two-hundred day moving average of $59.72. Gildan Activewear, Inc. has a 1-year low of $46.00 and a 1-year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were given a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Gildan Activewear’s payout ratio is presently 58.82%.

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.