Brandes Investment Partners LP Acquires New Position in Gildan Activewear, Inc. $GIL

Brandes Investment Partners LP acquired a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,598,946 shares of the textile maker’s stock, valued at approximately $99,870,000.

Several other large investors also recently bought and sold shares of GIL. AQR Capital Management LLC grew its stake in Gildan Activewear by 49.3% during the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock valued at $584,000 after acquiring an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 valued at $77,838,000 after purchasing an additional 503,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Gildan Activewear by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after purchasing an additional 4,714 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Gildan Activewear by 2.1% in 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. Finally, Prudential Financial Inc. acquired a new position in Gildan Activewear in the 2nd quarter valued at about $317,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $59.17 on Wednesday. The firm’s 50 day moving average price is $57.96 and its 200-day moving average price is $61.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The firm has a market cap of $10.96 billion, a P/E ratio of 34.81 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities research analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be issued a $0.249 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is currently 58.82%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GIL. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Scotiabank decreased their target price on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada decreased their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Twelve equities 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 stock has an average rating of “Moderate Buy” and an average 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.