65,864 Shares in Gildan Activewear, Inc. $GIL Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, HoldingsChannel.com reports. The fund bought 65,864 shares of the textile maker’s stock, valued at approximately $4,114,000.

Other institutional investors and hedge funds 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 valued at $266,000 after buying an additional 157 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in Gildan Activewear by 3.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock worth $368,000 after purchasing an additional 185 shares in the last quarter. Cetera Investment Advisers boosted its stake in Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after purchasing an additional 259 shares in the last quarter. Tacita Capital Inc boosted its stake in Gildan Activewear by 2.5% in the 3rd quarter. Tacita Capital Inc now owns 11,039 shares of the textile maker’s stock worth $638,000 after purchasing an additional 270 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its stake in Gildan Activewear by 0.8% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 33,603 shares of the textile maker’s stock worth $1,942,000 after purchasing an additional 281 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Down 1.2%

GIL opened at $58.45 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average price of $57.76 and a 200-day moving average price of $61.46. Gildan Activewear, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 34.38 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company earned $0.59 earnings per share. 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. Equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be paid a $0.249 dividend. 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 is 58.82%.

Analyst Upgrades and Downgrades

GIL has been the topic of a number of analyst reports. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Stifel Nicolaus upped their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Friday, May 1st. Finally, Scotiabank dropped their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

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.