Y Intercept Hong Kong Ltd Purchases 51,147 Shares of Gildan Activewear, Inc. $GIL

Y Intercept Hong Kong Ltd raised its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 683.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,628 shares of the textile maker’s stock after purchasing an additional 51,147 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Gildan Activewear were worth $3,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. bought a new position in shares of Gildan Activewear in the third quarter worth $2,082,000. Wedge Capital Management L L P NC purchased a new stake in Gildan Activewear during the 4th quarter worth about $36,866,000. Assetmark Inc. boosted its stake in Gildan Activewear by 10,432.0% in the 4th quarter. Assetmark Inc. now owns 60,138 shares of the textile maker’s stock worth $3,756,000 after purchasing an additional 59,567 shares during the period. Barington Companies Management LLC purchased a new position in Gildan Activewear during the 4th quarter valued at about $15,941,000. Finally, JPMorgan Chase & Co. grew its holdings in Gildan Activewear by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 615,792 shares of the textile maker’s stock valued at $35,593,000 after buying an additional 21,078 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 0.0%

NYSE GIL traded down $0.00 during trading hours on Tuesday, hitting $51.79. The company had a trading volume of 266,716 shares, compared to its average volume of 1,424,053. The firm’s 50 day moving average is $56.64 and its 200 day moving average is $60.90. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 30.42 and a beta of 1.11. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. 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 (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company’s revenue was up 63.8% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Sell-side analysts anticipate that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were issued a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.9%. Gildan Activewear’s dividend payout ratio is currently 58.82%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GIL shares. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research note on Friday, May 1st. Finally, Scotia reduced their price target on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Wednesday, June 17th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.21.

Gildan Activewear Company 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.