Gildan Activewear, Inc. $GIL Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,566,962 shares of the textile maker’s stock after buying an additional 1,561,729 shares during the quarter. Vanguard Group Inc.’s holdings in Gildan Activewear were worth $472,964,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. acquired a new position in shares of Gildan Activewear during the 3rd quarter valued at about $2,082,000. Wedge Capital Management L L P NC acquired a new stake in Gildan Activewear during the fourth quarter worth about $36,866,000. Envestnet Asset Management Inc. increased its position in Gildan Activewear by 9.2% during the third 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 during the last quarter. JCIC Asset Management Inc. purchased a new position in Gildan Activewear during the third quarter worth about $6,920,000. Finally, Intact Investment Management Inc. raised its stake in Gildan Activewear by 1.7% during the third quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock worth $66,661,000 after purchasing an additional 19,196 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Gildan Activewear stock opened at $59.76 on Wednesday. The company’s 50 day simple moving average is $59.91 and its 200-day simple moving average is $61.52. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 2.35. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year high of $73.69. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 35.15 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.59 EPS. The firm’s quarterly 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. As a group, equities research analysts expect that Gildan Activewear, Inc. will post 4.29 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GIL. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings lowered Gildan Activewear from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Scotiabank cut their target price on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research note on Monday. Royal Bank Of Canada reduced their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, BMO Capital Markets upped 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. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.77.

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.