Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $2.43 Million Stock Holdings in Gildan Activewear, Inc. $GIL

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 36.5% in the 4th quarter, Holdings Channel reports. The firm owned 36,220 shares of the textile maker’s stock after acquiring an additional 9,690 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Gildan Activewear were worth $2,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Webster Bank N. A. bought a new stake in shares of Gildan Activewear during the 4th quarter worth $25,000. Smartleaf Asset Management LLC raised its stake in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after acquiring an additional 343 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after acquiring an additional 460 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 acquiring an additional 338 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Gildan Activewear in the 4th quarter valued at approximately $32,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $60.75 on Thursday. The business’s 50 day simple moving average is $61.76 and its 200 day simple moving average is $61.60. Gildan Activewear, Inc. has a one year low of $41.61 and a one year high of $73.69. The stock has a market capitalization of $11.25 billion, a PE ratio of 23.19 and a beta of 1.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.11 and a quick ratio of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter 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, research analysts forecast that Gildan Activewear, Inc. will post 4.26 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, March 19th. Gildan Activewear’s dividend payout ratio is currently 38.17%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GIL shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $79.00 price objective on shares of Gildan Activewear in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. TD Securities restated a “buy” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Tuesday, January 27th. Zacks Research lowered shares of Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Finally, National Bank Financial upped their price target 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. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus price target 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.