Gildan Activewear, Inc. $GIL Stake Lifted by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,792 shares of the textile maker’s stock after acquiring an additional 9,774 shares during the quarter. Northwest & Ethical Investments L.P. owned about 0.06% of Gildan Activewear worth $4,561,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in Gildan Activewear by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,619 shares of the textile maker’s stock valued at $3,612,000 after purchasing an additional 231 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Gildan Activewear by 2.1% in 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. Cooper Financial Group boosted its stake in Gildan Activewear by 1.7% during the first quarter. Cooper Financial Group now owns 16,537 shares of the textile maker’s stock valued at $731,000 after buying an additional 269 shares in the last quarter. Haven Private LLC grew its holdings in Gildan Activewear by 3.4% during the first quarter. Haven Private LLC now owns 8,653 shares of the textile maker’s stock worth $383,000 after acquiring an additional 284 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Gildan Activewear by 4.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,207 shares of the textile maker’s stock worth $552,000 after acquiring an additional 493 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GIL. UBS Group set a $80.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Friday, October 31st. Zacks Research upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Monday. Canaccord Genuity Group lifted their price target on shares of Gildan Activewear from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. TD Securities reiterated a “buy” rating and set a $74.00 price objective on shares of Gildan Activewear in a research report on Thursday, October 30th. Finally, Stifel Nicolaus set a $75.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

Gildan Activewear Stock Up 0.4%

Shares of NYSE:GIL opened at $57.46 on Thursday. The firm has a 50 day simple moving average of $58.42 and a 200 day simple moving average of $53.69. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $62.56. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. The company has a market cap of $8.57 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.90%. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $925.24 million. During the same period in the previous year, the company posted $0.85 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, research analysts expect that Gildan Activewear, Inc. will post 3.48 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, December 15th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.226 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. Gildan Activewear’s payout ratio is currently 28.75%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.