Intact Investment Management Inc. Sells 68,224 Shares of Gildan Activewear, Inc. $GIL

Intact Investment Management Inc. trimmed its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 5.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,085,535 shares of the textile maker’s stock after selling 68,224 shares during the quarter. Gildan Activewear comprises 2.0% of Intact Investment Management Inc.’s portfolio, making the stock its 13th biggest holding. Intact Investment Management Inc.’s holdings in Gildan Activewear were worth $67,848,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Webster Bank N. A. bought a new position in Gildan Activewear in the fourth quarter worth $25,000. Smartleaf Asset Management LLC lifted its position in Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares during the period. Brown Brothers Harriman & Co. lifted its position in Gildan Activewear by 867.9% in the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares during the period. CIBC Private Wealth Group LLC lifted its position in Gildan Activewear by 169.0% in the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after purchasing an additional 338 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in Gildan Activewear in the fourth quarter worth $32,000. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $61.47 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.11 and a quick ratio of 1.05. The stock has a fifty day moving average price of $60.14 and a two-hundred day moving average price of $61.52. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The firm has a market capitalization of $11.38 billion, a P/E ratio of 36.16 and a beta of 1.10.

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 the consensus estimate of $0.36 by $0.07. Gildan Activewear had a return on equity of 24.48% and a net margin of 6.10%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts anticipate that Gildan Activewear, Inc. will post 4.26 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is currently 58.24%.

Gildan Activewear News Roundup

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

• Positive Sentiment: Q1 results beat expectations — adjusted EPS of $0.43 vs. $0.36 est. and record first‑quarter revenue up ~63.8% year‑over‑year as HanesBrands was fully consolidated; company reiterated full‑year guidance and synergy targets, which supports medium‑term earnings power. Gildan Reports Record First Quarter Revenue and Maintains its Full Year 2026 Guidance
• Positive Sentiment: Company maintained FY‑2026 EPS guidance (4.20–4.40) and revenue range (~$6.0–$6.2B) and reiterated expected synergy run‑rate (~$250M over three years), giving investors a clearer earnings trajectory post‑acquisition. Q1 release and call materials
• Positive Sentiment: Declared a quarterly cash dividend of $0.249/share (ex‑dividend May 20, payable June 15), which supports yield‑seeking demand and signals cash‑flow confidence.
• Neutral Sentiment: Shareholders re‑elected all nine management nominees, approved auditor reappointment, renewed the Shareholder Rights Plan and passed the non‑binding Say‑on‑Pay — governance items passed but litigation risk remains. Gildan Activewear Reports on Shareholders’ Voting Results
• Negative Sentiment: Regulatory / litigation overhang: law firms launched a class action alert and a fraud investigation (Levi & Korsinsky) tied to past CEO removal/reinstatement and alleged governance failures — these actions create downside risk, potential legal fees and reputational damage. GIL Shareholder Alert: Gildan Activewear Inc. Class Action Lawsuit – Investors Should Contact Levi & Korsinsky Levi & Korsinsky Launches Fraud Investigation
• Negative Sentiment: GAAP results showed a loss for the quarter (GAAP diluted loss per share $0.30) and adjusted metrics reflect integration and inventory moves; near‑term margins were pressured (operating margin (0.1)% GAAP), which could weigh on sentiment until synergies are realized. Q1 press release: GAAP loss and adjusted metrics

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GIL shares. TD Securities reaffirmed a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a research report on Tuesday, January 27th. Scotiabank raised their target price on Gildan Activewear from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. BMO Capital Markets raised their target price on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Royal Bank Of Canada reduced their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Finally, Stifel Nicolaus raised their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.92.

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.