TD Waterhouse Canada Inc. Buys 48,333 Shares of Gildan Activewear, Inc. $GIL

TD Waterhouse Canada Inc. raised its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,995,661 shares of the textile maker’s stock after purchasing an additional 48,333 shares during the period. TD Waterhouse Canada Inc.’s holdings in Gildan Activewear were worth $82,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GIL. Fifth Third Bancorp boosted its position in shares of Gildan Activewear by 16.5% during the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock worth $75,000 after buying an additional 192 shares during the period. Mather Group LLC. grew its holdings in shares of Gildan Activewear by 7.6% during the third quarter. Mather Group LLC. now owns 3,468 shares of the textile maker’s stock worth $148,000 after buying an additional 244 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Gildan Activewear by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 9,043 shares of the textile maker’s stock worth $566,000 after buying an additional 339 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Gildan Activewear by 5.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 6,468 shares of the textile maker’s stock valued at $359,000 after buying an additional 359 shares during the last quarter. Finally, Cooper Financial Group raised its position in Gildan Activewear by 3.2% in the 3rd quarter. Cooper Financial Group now owns 13,270 shares of the textile maker’s stock valued at $566,000 after buying an additional 407 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Down 2.4%

Shares of NYSE:GIL traded down $0.99 during midday trading on Friday, reaching $41.00. The company had a trading volume of 1,660,167 shares, compared to its average volume of 2,170,748. Gildan Activewear, Inc. has a 1-year low of $39.93 and a 1-year high of $73.69. The stock has a market cap of $7.59 billion, a PE ratio of 78.85 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average price is $48.61 and its 200 day moving average price is $53.35.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.11 by $0.17. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. The business’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. Research analysts forecast that Gildan Activewear, Inc. will post 4.67 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Thursday, August 20th were paid a $0.2490 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. Gildan Activewear’s dividend payout ratio (DPR) is currently 192.31%.

More Gildan Activewear News

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

• Positive Sentiment: UBS retained a Buy rating on Gildan Activewear but lowered its price target to $71 from $111. The revised target still implies substantial potential upside from the current trading level, suggesting UBS believes the market may have overreacted to recent concerns. UBS price target report
• Neutral Sentiment: A Quebec Court of Appeal decision granted Gildan leave to appeal an order requiring it to advance defense costs to former directors. The ruling is procedural; its ultimate effect on Gildan’s legal expenses and liability remains uncertain. Quebec Court of Appeal article
• Negative Sentiment: Rosen Law Firm and several other firms announced or promoted a securities class action against Gildan on behalf of investors who purchased securities between February 19, 2025, and June 15, 2026. The complaints reportedly involve alleged channel stuffing and related securities-law violations. These are allegations, not established findings, but the litigation could create legal costs, potential damages and management distraction. Investors have until December 14, 2026 to seek lead-plaintiff status. Rosen Law Firm class action announcement

Wall Street Analyst Weigh In

Several equities research analysts have commented on GIL shares. Weiss Ratings restated a “hold (c)” rating on shares of Gildan Activewear in a research note on Thursday, August 13th. Scotia lifted their price objective on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, July 31st. Scotiabank reissued a “sector outperform” rating and issued a $67.00 price objective (up from $65.00) on shares of Gildan Activewear in a research report on Friday, July 31st. TD Securities cut their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Finally, Citigroup restated a “neutral” rating on shares of Gildan Activewear in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.69.

Gildan Activewear Profile

Gildan Activewear Inc is a Canadian apparel manufacturer headquartered in Montreal, Quebec. The company produces basic everyday apparel, including T-shirts, fleece garments, underwear, socks and hosiery, for wholesalers, retailers, screen printers, brands and consumers.

Its portfolio includes the Gildan, American Apparel, Comfort Colors and Gold Toe brands, along with other product lines serving the activewear, casualwear and innerwear markets. Gildan also manufactures private-label and co-branded products for customers in several apparel categories.

Founded in 1984 by brothers Glenn and Greg Chamandy, Gildan has developed a vertically integrated manufacturing model that covers key stages from textile production through finished garments.