Polymer Capital Management HK LTD lowered its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) by 50.6% during the 4th quarter, HoldingsChannel reports. The fund owned 83,856 shares of the textile maker’s stock after selling 85,726 shares during the period. Gildan Activewear accounts for approximately 0.7% of Polymer Capital Management HK LTD’s portfolio, making the stock its 29th biggest holding. Polymer Capital Management HK LTD’s holdings in Gildan Activewear were worth $5,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the business. Korea Investment CORP boosted its stake in Gildan Activewear by 6.8% during the fourth quarter. Korea Investment CORP now owns 132,691 shares of the textile maker’s stock worth $8,305,000 after acquiring an additional 8,473 shares in the last quarter. Barington Companies Management LLC bought a new stake in Gildan Activewear during the fourth quarter worth about $15,941,000. Summit Financial LLC boosted its stake in Gildan Activewear by 18.8% during the fourth quarter. Summit Financial LLC now owns 18,419 shares of the textile maker’s stock worth $1,150,000 after acquiring an additional 2,919 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Gildan Activewear by 2.4% during the fourth quarter. Quadrant Capital Group LLC now owns 16,078 shares of the textile maker’s stock worth $1,004,000 after acquiring an additional 371 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its stake in Gildan Activewear by 13.9% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 95,160 shares of the textile maker’s stock worth $5,951,000 after acquiring an additional 11,591 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on GIL. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Royal Bank Of Canada reduced their price target on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. UBS Group restated a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Finally, Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.77.
Gildan Activewear Price Performance
Shares of NYSE:GIL opened at $60.86 on Friday. Gildan Activewear, Inc. has a 1-year low of $46.00 and a 1-year high of $73.69. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The business has a fifty day moving average price of $58.21 and a 200-day moving average price of $61.52. The company has a market capitalization of $11.27 billion, a PE ratio of 35.80 and a beta of 1.08.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last issued its quarterly earnings results 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 return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.59 earnings per share. The company’s revenue was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities analysts expect that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.
Gildan Activewear Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.
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.
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