Goodman Advisory Group LLC Takes Position in Gildan Activewear, Inc. $GIL

Goodman Advisory Group LLC acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 1st quarter, Holdings Channel.com reports. The firm acquired 42,976 shares of the textile maker’s stock, valued at approximately $2,392,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec increased its stake in Gildan Activewear by 1,695.7% during the fourth quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock valued at $390,539,000 after purchasing an additional 5,892,514 shares during the last quarter. Norges Bank acquired a new stake in shares of Gildan Activewear during the fourth quarter worth $151,018,000. Mackenzie Financial Corp lifted its position in shares of Gildan Activewear by 41.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock worth $429,382,000 after buying an additional 2,001,279 shares during the last quarter. Brandes Investment Partners LP bought a new position in shares of Gildan Activewear in the 4th quarter worth about $99,870,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Gildan Activewear by 26.0% in the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after buying an additional 1,561,729 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GIL shares. Scotia lowered their price objective on shares of Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Wednesday, June 17th. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Scotiabank reaffirmed a “sector outperform” rating and set a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. Finally, Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.21.

Gildan Activewear Stock Performance

Shares of GIL opened at $52.90 on Friday. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year high of $73.69. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 31.12 and a beta of 1.08. 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 fifty day moving average of $57.60 and a 200-day moving average of $61.23.

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, 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $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. As a group, equities analysts anticipate that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

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

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.