Danske Bank A S Reduces Stake in Gildan Activewear, Inc. $GIL

Danske Bank A S lowered its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 53.4% during the fourth quarter, HoldingsChannel reports. The fund owned 10,573 shares of the textile maker’s stock after selling 12,095 shares during the period. Danske Bank A S’s holdings in Gildan Activewear were worth $662,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Webster Bank N. A. purchased a new position in shares of Gildan Activewear in the 4th quarter valued at about $25,000. Nisa Investment Advisors LLC purchased a new position in shares of Gildan Activewear in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 460 shares during the last quarter. Maseco LLP purchased a new position in shares of Gildan Activewear in the 4th quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Gildan Activewear by 169.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE GIL opened at $59.76 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average is $59.91 and its two-hundred day moving average is $61.52. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 35.15 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly 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. Research analysts expect that Gildan Activewear, Inc. will post 4.29 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.249 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.7%. Gildan Activewear’s payout ratio is presently 58.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GIL shares. National Bank Financial upped their target price on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada decreased their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. BMO Capital Markets upped their target price on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Scotiabank decreased their target price on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research report on Monday. Finally, TD Securities reissued a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a research report on Tuesday, January 27th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Company 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.