Candriam S.C.A. Buys 46,746 Shares of Gildan Activewear, Inc. $GIL

Candriam S.C.A. raised its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 59.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 125,321 shares of the textile maker’s stock after buying an additional 46,746 shares during the period. Candriam S.C.A. owned about 0.08% of Gildan Activewear worth $6,163,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GIL. Geode Capital Management LLC lifted its stake in shares of Gildan Activewear by 41.7% during the second quarter. Geode Capital Management LLC now owns 1,334,768 shares of the textile maker’s stock valued at $69,819,000 after acquiring an additional 392,514 shares during the period. Forsta AP Fonden bought a new stake in Gildan Activewear during the 2nd quarter worth about $1,416,000. Pembroke Management LTD raised its holdings in Gildan Activewear by 67.5% during the 2nd quarter. Pembroke Management LTD now owns 124,118 shares of the textile maker’s stock worth $6,112,000 after purchasing an additional 50,026 shares during the last quarter. Boston Partners lifted its position in Gildan Activewear by 44.2% during the 2nd quarter. Boston Partners now owns 313,199 shares of the textile maker’s stock valued at $15,424,000 after purchasing an additional 95,989 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Gildan Activewear by 130.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 52,236 shares of the textile maker’s stock valued at $2,572,000 after purchasing an additional 29,548 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $58.66 on Friday. The stock’s fifty day simple moving average is $58.11 and its 200 day simple moving average is $53.07. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $8.74 billion, a PE ratio of 18.74, a PEG ratio of 1.93 and a beta of 1.22. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $62.56.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The company had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. Gildan Activewear had a return on equity of 35.90% and a net margin of 14.13%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, research analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is presently 28.75%.

Analyst Ratings Changes

GIL has been the topic of several analyst reports. UBS Group set a $80.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday, October 31st. Cfra Research raised Gildan Activewear to a “hold” rating in a research note on Monday, August 4th. Stifel Nicolaus set a $75.00 price target on Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, September 19th. Royal Bank Of Canada upped their price objective on Gildan Activewear from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, Barclays restated an “overweight” rating and set a $70.00 target price (up previously from $64.00) on shares of Gildan Activewear in a report on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.