Jupiter Topco LLC Takes $573.36 Million Position in Gildan Activewear, Inc. $GIL

Posted by Stanley Muller on Aug 26th, 2026

Jupiter Topco LLC acquired a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,111,694 shares of the textile maker’s stock, valued at approximately $573,363,000. Jupiter Topco LLC owned about 6.00% of Gildan Activewear as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barington Companies Management LLC purchased a new position in shares of Gildan Activewear during the fourth quarter valued at approximately $15,941,000. The Manufacturers Life Insurance Company grew its stake in Gildan Activewear by 15.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock worth $373,122,000 after acquiring an additional 909,001 shares during the period. VELA Investment Management LLC purchased a new stake in shares of Gildan Activewear in the fourth quarter valued at $3,104,000. Triasima Portfolio Management inc. acquired a new position in shares of Gildan Activewear during the 4th quarter valued at about $4,353,000. Finally, M.D. Sass LLC purchased a new position in Gildan Activewear during the first quarter worth approximately $22,065,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE:GIL opened at $54.60 on Wednesday. The firm has a 50-day moving average of $53.74 and a two-hundred day moving average of $58.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.93 and a quick ratio of 1.01. The stock has a market cap of $10.11 billion, a P/E ratio of 105.00 and a beta of 1.11. Gildan Activewear, Inc. has a 1-year low of $46.55 and a 1-year high of $73.69.

Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last announced its earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%.The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. On average, research analysts expect that Gildan Activewear, Inc. will post 4.67 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, September 14th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.249 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Gildan Activewear’s dividend payout ratio (DPR) is presently 192.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Gildan Activewear from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus set a $83.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup reaffirmed a “neutral” rating on shares of Gildan Activewear in a research note on Tuesday, August 4th. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gildan Activewear in a research report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Check Out Our Latest Report on Gildan Activewear

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.