Cibc World Market Inc. Has $62.44 Million Position in Gildan Activewear, Inc. $GIL

Cibc World Market Inc. reduced its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 998,897 shares of the textile maker’s stock after selling 28,140 shares during the quarter. Cibc World Market Inc.’s holdings in Gildan Activewear were worth $62,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GIL. Webster Bank N. A. bought a new position in Gildan Activewear during the 4th quarter worth $25,000. Larson Financial Group LLC increased its stake in Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after acquiring an additional 422 shares during the period. Smartleaf Asset Management LLC increased its stake in Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after acquiring an additional 343 shares during the period. Brown Brothers Harriman & Co. increased its stake in Gildan Activewear by 867.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after acquiring an additional 460 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Gildan Activewear by 169.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after acquiring an additional 338 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Trading Down 0.2%

Shares of GIL opened at $58.27 on Thursday. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The business’s fifty day moving average is $57.83 and its 200-day moving average is $61.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 34.27 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $0.59 EPS. The company’s revenue for the quarter 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. Equities analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GIL shares. Stifel Nicolaus raised their price objective on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotiabank lowered their price objective on 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. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a research note on Friday, May 1st. Finally, UBS Group restated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.