Guardian Capital LP Purchases New Stake in Gildan Activewear, Inc. $GIL

Guardian Capital LP acquired a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 323,687 shares of the textile maker’s stock, valued at approximately $18,704,000. Guardian Capital LP owned about 0.22% of Gildan Activewear at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GIL. JCIC Asset Management Inc. bought a new position in shares of Gildan Activewear during the third quarter worth about $6,920,000. Envestnet Asset Management Inc. grew its stake in Gildan Activewear by 9.2% in the third quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after purchasing an additional 39,072 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in Gildan Activewear by 11.8% in the second quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock valued at $4,561,000 after buying an additional 9,774 shares during the last quarter. Intact Investment Management Inc. increased its holdings in Gildan Activewear by 1.7% in the third quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock valued at $66,661,000 after buying an additional 19,196 shares during the last quarter. Finally, Oakcliff Capital Partners LP raised its stake in Gildan Activewear by 11.4% during the second quarter. Oakcliff Capital Partners LP now owns 681,689 shares of the textile maker’s stock valued at $33,566,000 after buying an additional 70,000 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on GIL. UBS Group reaffirmed a “buy” rating and set a $110.00 target price (up from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Scotiabank upped their price target on Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $79.00 price objective on shares of Gildan Activewear in a research note on Friday, February 20th. National Bank Financial lifted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.08.

Gildan Activewear Stock Down 5.0%

NYSE:GIL opened at $62.53 on Friday. The firm has a market capitalization of $11.58 billion, a PE ratio of 23.87 and a beta of 1.05. The stock has a 50 day moving average of $66.94 and a 200-day moving average of $61.12. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $73.69. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.35). Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be paid a $0.249 dividend. The ex-dividend date is Thursday, March 19th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is 34.35%.

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.