Gildan Activewear, Inc. $GIL Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 31.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,147 shares of the textile maker’s stock after purchasing an additional 33,468 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Gildan Activewear were worth $8,771,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GIL. Webster Bank N. A. purchased a new position in Gildan Activewear during the fourth quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted 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 worth $27,000 after purchasing an additional 343 shares in the last quarter. Brown Brothers Harriman & Co. boosted 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 worth $30,000 after purchasing an additional 460 shares in the last quarter. CIBC Private Wealth Group LLC raised 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 worth $31,000 after acquiring an additional 338 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new position in Gildan Activewear during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 1.4%

Shares of NYSE:GIL opened at $59.87 on Friday. The business has a 50-day moving average price of $61.51 and a 200 day moving average price of $61.59. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 22.85 and a beta of 1.13. Gildan Activewear, Inc. has a 12-month low of $41.61 and a 12-month high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data 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 return on equity of 27.32% and a net margin of 11.02%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The firm’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. Sell-side analysts expect that Gildan Activewear, Inc. will post 4.26 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were paid a dividend of $0.249 per share. The ex-dividend date was Thursday, March 19th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.7%. Gildan Activewear’s dividend payout ratio (DPR) is presently 38.17%.

Analyst Ratings Changes

A number of equities analysts have weighed in on GIL shares. Stifel Nicolaus upped their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Royal Bank Of Canada cut their price objective on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Zacks Research lowered Gildan Activewear from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. Finally, Scotiabank boosted their price objective on Gildan Activewear from $72.00 to $74.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 2nd. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.