CIBC Asset Management Inc Sells 138,535 Shares of Gildan Activewear, Inc. $GIL

Posted by on Jun 3rd, 2026

CIBC Asset Management Inc trimmed its position in Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,195,891 shares of the textile maker’s stock after selling 138,535 shares during the period. CIBC Asset Management Inc’s holdings in Gildan Activewear were worth $75,346,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Gildan Activewear by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock valued at $584,000 after buying an additional 4,360 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Gildan Activewear by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after buying an additional 503,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Gildan Activewear by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after buying an additional 4,714 shares during the last quarter. Cetera Investment Advisers raised its holdings in Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after buying an additional 259 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in Gildan Activewear in the 2nd quarter valued at approximately $317,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Performance

GIL stock opened at $58.45 on Wednesday. The stock has a 50-day moving average price of $57.76 and a 200-day moving average price of $61.46. Gildan Activewear, Inc. has a 1-year low of $46.00 and a 1-year high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The firm has a market cap of $10.82 billion, a PE ratio of 34.38 and a beta of 1.08.

Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 63.8% 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 research analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is 58.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GIL shares. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Scotiabank dropped their price objective on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings lowered 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 reaffirmed an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Finally, Royal Bank Of Canada lowered their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.77.

Get Our Latest Stock Analysis on GIL

Gildan Activewear Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

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