Pembroke Management LTD Boosts Stock Position in Gildan Activewear, Inc. $GIL

Pembroke Management LTD boosted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,386 shares of the textile maker’s stock after buying an additional 22,268 shares during the period. Pembroke Management LTD’s holdings in Gildan Activewear were worth $8,461,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GIL. Bank of Nova Scotia Trust Co. boosted its holdings in Gildan Activewear by 2.5% in the second quarter. Bank of Nova Scotia Trust Co. now owns 8,499 shares of the textile maker’s stock worth $418,000 after acquiring an additional 207 shares in the last quarter. Signaturefd LLC raised its position in shares of Gildan Activewear by 2.8% in the 3rd quarter. Signaturefd LLC now owns 7,659 shares of the textile maker’s stock worth $443,000 after purchasing an additional 209 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Gildan Activewear by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,619 shares of the textile maker’s stock worth $3,612,000 after purchasing an additional 231 shares in the last quarter. Blue Trust Inc. boosted its stake in Gildan Activewear by 12.1% in the 3rd quarter. Blue Trust Inc. now owns 2,268 shares of the textile maker’s stock worth $131,000 after purchasing an additional 245 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. TD Cowen boosted their price objective on shares of Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, October 6th. TD Securities reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Gildan Activewear in a research report on Thursday, October 30th. National Bankshares reissued an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada boosted their price target on Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.46.

Gildan Activewear Trading Down 0.8%

Shares of GIL stock opened at $63.27 on Friday. The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94. Gildan Activewear, Inc. has a 12-month low of $37.16 and a 12-month high of $65.43. The stock has a market capitalization of $11.72 billion, a P/E ratio of 20.21 and a beta of 1.11. The firm’s 50 day moving average is $60.31 and its 200 day moving average is $57.07.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $910.60 million during the quarter, compared to analyst estimates of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Research analysts expect that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio (DPR) is presently 28.75%.

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.