SEB Asset Management AB Takes $1.91 Million Position in Gildan Activewear, Inc. $GIL

SEB Asset Management AB bought a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 34,414 shares of the textile maker’s stock, valued at approximately $1,910,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Gildan Activewear by 26.0% during the 4th 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 period. Mackenzie Financial Corp boosted its stake in shares of Gildan Activewear by 41.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after buying an additional 2,001,279 shares during the period. Caisse de depot et placement du Quebec boosted its stake in shares of Gildan Activewear by 1,695.7% in the 4th quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock valued at $390,539,000 after buying an additional 5,892,514 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Gildan Activewear by 27.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,797,077 shares of the textile maker’s stock worth $363,102,000 after buying an additional 1,252,985 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Gildan Activewear by 16.4% during the fourth quarter. Royal Bank of Canada now owns 5,717,871 shares of the textile maker’s stock worth $357,138,000 after buying an additional 805,396 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

Shares of GIL opened at $49.65 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a 1-year low of $46.00 and a 1-year high of $73.69. The stock has a market cap of $9.19 billion, a PE ratio of 29.20 and a beta of 1.11. The firm has a fifty day moving average price of $55.04 and a 200 day moving average price of $59.92.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data 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 analyst estimates of $1.14 billion. During the same quarter last year, the company posted $0.59 earnings per share. The business’s quarterly revenue 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, sell-side analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

Wall Street Analysts Forecast Growth

GIL has been the topic of several analyst reports. Stifel Nicolaus set a $80.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a report on Monday. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Finally, TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.21.

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.