Healthcare of Ontario Pension Plan Trust Fund Decreases Holdings in Gildan Activewear, Inc. $GIL

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 72.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,577 shares of the textile maker’s stock after selling 145,770 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Gildan Activewear were worth $3,038,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Gildan Activewear by 49.3% in the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after buying an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after buying an additional 503,359 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Gildan Activewear by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock worth $8,251,000 after acquiring an additional 4,714 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Gildan Activewear by 2.1% in 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. Finally, Prudential Financial Inc. acquired a new stake in Gildan Activewear in the second quarter valued at approximately $317,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Price Performance

Shares of NYSE GIL opened at $52.40 on Friday. 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 capitalization of $9.70 billion, a price-to-earnings ratio of 30.82 and a beta of 1.11. Gildan Activewear, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69. The business has a 50 day simple moving average of $54.51 and a 200-day simple moving average of $59.48.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.17. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm’s revenue for the quarter was up 72.3% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. As a group, equities research analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Thursday, August 20th will be given a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Gildan Activewear News Summary

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Gildan reported second-quarter net sales of $1.58 billion, up 72.3% year over year, with an 11.1% operating margin and a 22.3% adjusted operating margin. The company also updated its full-year 2026 guidance, which may improve investor confidence in its earnings outlook. Gildan Reports Strong Second Quarter Results, Updates its Full Year 2026 Guidance and Announces the Sale of HanesBrands Australia
• Positive Sentiment: Quarterly earnings of $1.28 per share exceeded the $1.11 analyst consensus and increased from $0.97 in the prior-year quarter. The earnings beat, combined with substantial revenue growth, provided the main fundamental support for the stock. Gildan Activewear Tops Q2 Earnings Estimates
• Positive Sentiment: The company announced a quarterly dividend of $0.249 per share, payable September 14 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.9%, adding to the stock’s shareholder-return appeal.
• Neutral Sentiment: Gildan announced the sale of HanesBrands Australia. The transaction could streamline the portfolio and generate proceeds, although the immediate financial impact was not provided in the available report.
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims related to allegations that Gildan issued materially misleading business information. A separate investigation cited alleged channel stuffing. These announcements raise litigation and reputational risks, although no wrongdoing has been established. Rosen Law Firm Gildan Investigation
• Negative Sentiment: Traders purchased 5,005 put options, versus typical daily volume of about 600. The unusually high bearish options activity signals increased downside hedging or speculation, but it does not by itself confirm a deterioration in Gildan’s fundamentals.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GIL shares. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. Scotiabank reissued a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research note on Friday, July 17th. Finally, Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.21.

Gildan Activewear Company 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.