Louisbourg Investments Inc. Increases Position in Gildan Activewear, Inc. $GIL

Posted by Brian Himes on Jun 28th, 2026

Louisbourg Investments Inc. lifted its stake in Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) by 6.5% in the 1st quarter, Holdings Channel reports. The firm owned 155,548 shares of the textile maker’s stock after purchasing an additional 9,552 shares during the quarter. Gildan Activewear accounts for approximately 1.5% of Louisbourg Investments Inc.’s portfolio, making the stock its 14th biggest position. Louisbourg Investments Inc.’s holdings in Gildan Activewear were worth $8,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Gildan Activewear by 26.0% during the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after buying an additional 1,561,729 shares during the period. Mackenzie Financial Corp lifted its position in shares of Gildan Activewear by 41.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after acquiring an additional 2,001,279 shares during the period. Caisse de depot et placement du Quebec lifted its position in shares of Gildan Activewear by 1,695.7% during the 4th quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock valued at $390,539,000 after acquiring an additional 5,892,514 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Gildan Activewear by 27.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,797,077 shares of the textile maker’s stock worth $363,102,000 after acquiring an additional 1,252,985 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Gildan Activewear by 16.4% during the 4th quarter. Royal Bank of Canada now owns 5,717,871 shares of the textile maker’s stock worth $357,138,000 after acquiring an additional 805,396 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

GIL has been the topic of a number of research reports. Scotiabank restated a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. Finally, Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average price target of $78.21.

Read Our Latest Research Report on Gildan Activewear

Gildan Activewear Trading Down 1.1%

Gildan Activewear stock opened at $52.90 on Friday. The stock has a 50-day moving average price of $57.60 and a 200 day moving average price of $61.23. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The stock has a market cap of $9.80 billion, a PE ratio of 31.12 and a beta of 1.08. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last released its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (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 analyst estimates of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm’s quarterly revenue was up 63.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities research analysts predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were paid a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s payout ratio is presently 58.82%.

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.