23,300 Shares in Gildan Activewear, Inc. $GIL Purchased by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 1st quarter, HoldingsChannel reports. The firm bought 23,300 shares of the textile maker’s stock, valued at approximately $1,297,000.

A number of other institutional investors have also added to or reduced their stakes in GIL. Washburn Capital Management Inc. raised its holdings in shares of Gildan Activewear by 3.8% in the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after purchasing an additional 157 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Gildan Activewear by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock worth $75,000 after purchasing an additional 192 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Gildan Activewear by 2.2% during 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 in the last quarter. Tacita Capital Inc boosted its stake in shares of Gildan Activewear by 1.9% during the fourth quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock valued at $704,000 after purchasing an additional 211 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Gildan Activewear by 2.1% during the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.9%

Shares of Gildan Activewear stock opened at $54.06 on Friday. 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 company has a market cap of $10.01 billion, a P/E ratio of 31.80 and a beta of 1.11. The firm’s 50 day moving average price is $55.38 and its 200-day moving average price is $60.21. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69.

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

Gildan Activewear Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Gildan Activewear’s dividend payout ratio is presently 58.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GIL shares. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Friday, May 1st. Finally, TD Securities restated a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.