Gildan Activewear, Inc. $GIL Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 329.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,267,015 shares of the textile maker’s stock after buying an additional 971,746 shares during the period. TD Waterhouse Canada Inc.’s holdings in Gildan Activewear were worth $78,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GIL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gildan Activewear by 31.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,147 shares of the textile maker’s stock valued at $8,771,000 after acquiring an additional 33,468 shares during the period. CWM LLC raised its stake in Gildan Activewear by 877.8% during the 4th quarter. CWM LLC now owns 11,509 shares of the textile maker’s stock valued at $719,000 after acquiring an additional 10,332 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Gildan Activewear by 135.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,737 shares of the textile maker’s stock worth $108,000 after acquiring an additional 999 shares during the period. Assetmark Inc. boosted its position in Gildan Activewear by 10,432.0% during the 4th quarter. Assetmark Inc. now owns 60,138 shares of the textile maker’s stock worth $3,756,000 after acquiring an additional 59,567 shares during the period. Finally, Webster Bank N. A. bought a new position in shares of Gildan Activewear in the fourth quarter worth $25,000. 82.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GIL has been the topic of a number of research analyst reports. BMO Capital Markets raised their price target on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $79.00 target price on shares of Gildan Activewear in a research report on Friday, February 20th. National Bank Financial boosted their price target on shares of Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Stifel Nicolaus upped their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.08.

Gildan Activewear Stock Up 0.0%

Shares of GIL stock opened at $59.90 on Monday. Gildan Activewear, Inc. has a 1 year low of $40.27 and a 1 year high of $73.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. The business’s fifty day moving average is $62.48 and its 200-day moving average is $61.61. The stock has a market cap of $11.09 billion, a PE ratio of 22.86 and a beta of 1.13.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.35). Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $0.83 EPS. The company’s quarterly revenue 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. Equities analysts expect that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is currently 38.17%.

About Gildan Activewear

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.