Gildan Activewear, Inc. $GIL Stock Holdings Lifted by Willis Investment Counsel

Willis Investment Counsel lifted its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 48.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,968 shares of the textile maker’s stock after acquiring an additional 25,451 shares during the period. Willis Investment Counsel’s holdings in Gildan Activewear were worth $4,870,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in shares of Gildan Activewear in the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew its position in Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 460 shares in the last quarter. Maseco LLP purchased a new position in Gildan Activewear during the fourth quarter valued at approximately $33,000. CIBC Private Wealth Group LLC grew its position in Gildan Activewear by 169.0% during the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 338 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Price Performance

NYSE GIL opened at $57.55 on Thursday. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $10.66 billion, a PE ratio of 21.97 and a beta of 1.13. The company has a 50 day moving average price of $63.80 and a two-hundred day moving average price of $61.55. Gildan Activewear, Inc. has a 12-month low of $37.16 and a 12-month high of $73.69.

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

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders 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 dividend yield of 1.7%. Gildan Activewear’s dividend payout ratio is presently 38.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. National Bank Financial boosted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating and set a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a research report on Monday, December 29th. Finally, TD Securities reaffirmed a “buy” rating and set a $77.00 price objective on shares of Gildan Activewear in a research report on Tuesday, January 27th. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.08.

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.