MUFG Securities EMEA plc Takes Position in Gildan Activewear, Inc. $GIL

MUFG Securities EMEA plc bought a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 70,000 shares of the textile maker’s stock, valued at approximately $4,376,000.

A number of other institutional investors have also modified their holdings of the stock. Washburn Capital Management Inc. raised its stake in shares of Gildan Activewear by 3.8% in the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after purchasing an additional 157 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of Gildan Activewear by 3.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock valued at $368,000 after buying an additional 185 shares during the last quarter. Cetera Investment Advisers grew its position in shares of 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 buying an additional 259 shares during the last quarter. Tacita Capital Inc grew its position in shares of Gildan Activewear by 2.5% during the 3rd quarter. Tacita Capital Inc now owns 11,039 shares of the textile maker’s stock valued at $638,000 after buying an additional 270 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ grew its position in shares of Gildan Activewear by 0.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 33,603 shares of the textile maker’s stock valued at $1,942,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

NYSE GIL opened at $60.98 on Monday. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 35.87 and a beta of 1.08. The company has a 50-day moving average price of $57.71 and a two-hundred day moving average price of $61.44.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Gildan Activewear’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. Analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The company 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 $0.249 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.6%. Gildan Activewear’s dividend payout ratio is 58.82%.

Analysts Set New Price Targets

GIL has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Scotiabank lowered their price objective on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, National Bank Financial boosted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

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.