Barington Companies Management LLC Acquires New Stake in Gildan Activewear, Inc. $GIL

Barington Companies Management LLC bought a new position in shares of Gildan Activewear, Inc. (NYSE:GILFree Report) (TSE:GIL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 255,214 shares of the textile maker’s stock, valued at approximately $15,941,000. Gildan Activewear makes up approximately 10.5% of Barington Companies Management LLC’s portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased 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 during the period. Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 purchasing an additional 4,714 shares in the last quarter. Cetera Investment Advisers increased its stake in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in Gildan Activewear during the 2nd quarter worth approximately $317,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GIL shares. Scotiabank decreased their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Stifel Nicolaus increased their price objective on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a 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 note on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.77.

Get Our Latest Stock Report on Gildan Activewear

Gildan Activewear Stock Up 1.9%

Shares of Gildan Activewear stock opened at $60.86 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. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The company has a market capitalization of $11.27 billion, a P/E ratio of 35.80 and a beta of 1.08. The company has a 50 day moving average of $58.21 and a 200 day moving average of $61.52.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company’s quarterly revenue was up 63.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. 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 4.25 EPS for the current fiscal 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 $0.249 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

About Gildan Activewear

(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.

Further Reading

Want to see what other hedge funds are holding GIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gildan Activewear, Inc. (NYSE:GILFree Report) (TSE:GIL).

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

Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.