Principal Financial Group Inc. Boosts Position in Gildan Activewear, Inc. $GIL

Principal Financial Group Inc. boosted its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 181.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,208,040 shares of the textile maker’s stock after acquiring an additional 778,600 shares during the period. Principal Financial Group Inc.’s holdings in Gildan Activewear were worth $67,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Polar Asset Management Partners Inc. acquired a new stake in shares of Gildan Activewear during the third quarter valued at $2,082,000. Wedge Capital Management L L P NC purchased a new stake in Gildan Activewear in the fourth quarter valued at approximately $36,866,000. Assetmark Inc. increased its holdings in shares of Gildan Activewear by 10,432.0% during the 4th quarter. Assetmark Inc. now owns 60,138 shares of the textile maker’s stock worth $3,756,000 after buying an additional 59,567 shares during the last quarter. Barington Companies Management LLC acquired a new stake in Gildan Activewear during the fourth quarter worth about $15,941,000. Finally, JPMorgan Chase & Co. raised its holdings in Gildan Activewear by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 615,792 shares of the textile maker’s stock valued at $35,593,000 after buying an additional 21,078 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Trading Up 2.1%

Gildan Activewear stock opened at $53.54 on Friday. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69. The stock has a market capitalization of $9.91 billion, a PE ratio of 31.49 and a beta of 1.11. The firm has a 50 day simple moving average of $55.49 and a 200-day simple moving average of $60.26. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s quarterly 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 research analysts expect that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is 58.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. 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. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus target price of $78.21.

About Gildan Activewear

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.