Icon Advisers Inc. Co. Has $4.36 Million Stake in Gildan Activewear, Inc. $GIL

Icon Advisers Inc. Co. grew its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 32.6% during the first quarter, HoldingsChannel reports. The firm owned 78,410 shares of the textile maker’s stock after buying an additional 19,260 shares during the period. Gildan Activewear comprises approximately 1.0% of Icon Advisers Inc. Co.’s portfolio, making the stock its 27th largest holding. Icon Advisers Inc. Co.’s holdings in Gildan Activewear were worth $4,364,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Washburn Capital Management Inc. raised its stake in Gildan Activewear by 3.8% during the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after buying an additional 157 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Gildan Activewear by 16.5% in the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after buying an additional 192 shares during the period. Arkadios Wealth Advisors boosted its position in 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 acquiring an additional 193 shares during the last quarter. Tacita Capital Inc boosted its position in 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 acquiring an additional 211 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after acquiring an additional 259 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Trading Down 0.7%

GIL opened at $53.34 on Thursday. Gildan Activewear, Inc. has a 1-year low of $46.00 and a 1-year high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The company has a market cap of $9.88 billion, a P/E ratio of 31.38 and a beta of 1.11. The company has a fifty day moving average price of $55.19 and a two-hundred day moving average price of $60.01.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.17 billion for 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%. The business’s revenue was up 63.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued 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 presently 58.82%.

Analyst Upgrades and Downgrades

GIL has been the subject of several research analyst reports. Stifel Nicolaus set a $80.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a research report on Monday. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Friday, July 17th. Finally, TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.