Dimensional Fund Advisors LP Has $84.39 Million Holdings in Gildan Activewear, Inc. $GIL

Dimensional Fund Advisors LP lessened its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 22.2% during the first quarter, HoldingsChannel.com reports. The fund owned 1,516,745 shares of the textile maker’s stock after selling 433,747 shares during the period. Dimensional Fund Advisors LP’s holdings in Gildan Activewear were worth $84,387,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GIL. SEB Asset Management AB bought a new position in shares of Gildan Activewear in the first quarter worth about $1,910,000. Swiss National Bank grew its holdings in shares of Gildan Activewear by 27.0% during the 1st quarter. Swiss National Bank now owns 592,125 shares of the textile maker’s stock valued at $32,927,000 after purchasing an additional 125,800 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Gildan Activewear by 20.9% during the 1st quarter. Assetmark Inc. now owns 72,683 shares of the textile maker’s stock valued at $4,045,000 after purchasing an additional 12,545 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Gildan Activewear during the 1st quarter worth approximately $1,297,000. Finally, D.A. Davidson & CO. increased its position in Gildan Activewear by 12.8% during the 1st quarter. D.A. Davidson & CO. now owns 3,823 shares of the textile maker’s stock worth $213,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Finally, Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.21.

Gildan Activewear Stock Up 2.2%

Shares of NYSE GIL opened at $52.40 on Friday. The company’s 50 day moving average price is $54.51 and its 200-day moving average price is $59.48. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The company has a market capitalization of $9.70 billion, a P/E ratio of 30.82 and a beta of 1.11.

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

Gildan Activewear Announces Dividend

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

More Gildan Activewear News

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.

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.