Guardian Capital LP Acquires New Holdings in Gildan Activewear, Inc. $GIL

Guardian Capital LP bought a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the third quarter, Holdings Channel.com reports. The firm bought 323,687 shares of the textile maker’s stock, valued at approximately $18,704,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Gildan Activewear in the second quarter valued at approximately $101,409,000. Mackenzie Financial Corp raised its holdings in shares of Gildan Activewear by 61.9% during the second quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock valued at $218,622,000 after buying an additional 1,695,329 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Gildan Activewear during the second quarter worth approximately $65,409,000. The Manufacturers Life Insurance Company boosted its position in shares of Gildan Activewear by 24.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker’s stock worth $180,305,000 after buying an additional 718,896 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Gildan Activewear by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after buying an additional 503,359 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

Shares of NYSE GIL opened at $62.53 on Friday. The stock has a fifty day moving average price of $66.94 and a two-hundred day moving average price of $61.12. 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 firm has a market cap of $11.58 billion, a P/E ratio of 23.87 and a beta of 1.05. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter 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. Research analysts forecast that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be issued a dividend of $0.249 per share. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear’s dividend payout ratio is presently 34.35%.

Wall Street Analyst Weigh In

GIL has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. National Bank Financial boosted their price target on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. 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. UBS Group restated a “buy” rating and set a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.08.

Gildan Activewear Profile

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.