Legal & General Group Plc Boosts Stock Position in Gildan Activewear, Inc. $GIL

Legal & General Group Plc boosted its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 930,882 shares of the textile maker’s stock after buying an additional 103,856 shares during the quarter. Legal & General Group Plc owned approximately 0.50% of Gildan Activewear worth $58,260,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Gildan Activewear by 26.0% during the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after purchasing an additional 1,561,729 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Gildan Activewear by 95.2% during the third quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock worth $161,749,000 after purchasing an additional 1,364,953 shares during the last quarter. Hudson Way Capital Management LLC purchased a new position in shares of Gildan Activewear during the third quarter worth about $57,530,000. TD Waterhouse Canada Inc. grew its holdings in shares of Gildan Activewear by 329.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock worth $78,934,000 after purchasing an additional 971,746 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Gildan Activewear during the fourth quarter worth about $36,866,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE GIL opened at $60.98 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The business’s 50-day moving average price is $57.71 and its 200 day moving average price is $61.40. The firm has a market cap of $11.29 billion, a P/E ratio of 35.87 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $0.59 earnings per share. The business’s 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. On average, equities research analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.249 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

Analysts Set New Price Targets

Several equities analysts have issued reports on GIL shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a report on Friday, May 1st. Stifel Nicolaus raised their price objective on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. National Bank Financial raised their price objective on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Scotiabank dropped their price objective on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and an average target price of $79.77.

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.