M.D. Sass LLC Acquires Shares of 396,504 Gildan Activewear, Inc. $GIL

M.D. Sass LLC bought a new position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 396,504 shares of the textile maker’s stock, valued at approximately $22,065,000. Gildan Activewear comprises approximately 1.7% of M.D. Sass LLC’s holdings, making the stock its 23rd largest holding.

Several other large investors have also bought and sold shares of GIL. Webster Bank N. A. bought a new stake in shares of Gildan Activewear during the fourth quarter valued at approximately $25,000. Islay Capital Management LLC bought a new position in Gildan Activewear in the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its position in Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Larson Financial Group LLC boosted its stake in Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 422 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Gildan Activewear by 14,833.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 445 shares during the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Stock Performance

GIL stock opened at $49.65 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year high of $73.69. The company has a market cap of $9.19 billion, a P/E ratio of 29.20 and a beta of 1.11. The stock’s fifty day moving average price is $55.04 and its 200-day moving average price is $59.92.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Gildan Activewear’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. On average, equities analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s payout ratio is currently 58.82%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Finally, Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.21.

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.