Gildan Activewear, Inc. $GIL Shares Acquired by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in Gildan Activewear, Inc. (NYSE:GILFree Report) (TSE:GIL) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,148,828 shares of the textile maker’s stock after acquiring an additional 329,564 shares during the period. TD Asset Management Inc owned 0.62% of Gildan Activewear worth $71,901,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GIL. AQR Capital Management LLC lifted its stake in Gildan Activewear by 49.3% during the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after purchasing an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Gildan Activewear by 40.0% in the first 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 increased its holdings in Gildan Activewear by 2.6% in the first 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 increased its holdings in Gildan Activewear by 2.1% in the second 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. purchased a new position in Gildan Activewear in the second quarter valued at $317,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Trading Down 0.3%

Shares of Gildan Activewear stock opened at $57.69 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $10.68 billion, a P/E ratio of 33.93 and a beta of 1.08. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69. The company has a 50-day simple moving average of $57.84 and a 200 day simple moving average of $61.43.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.59 EPS. The company’s quarterly 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. Research analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business 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 $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Gildan Activewear’s payout ratio is presently 58.82%.

Analyst Ratings Changes

Several research firms have issued reports on GIL. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Stifel Nicolaus raised 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. 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. Finally, Royal Bank Of Canada dropped their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.77.

View 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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