Royal Bank of Canada Has $384.63 Million Stake in Gildan Activewear, Inc. $GIL

Royal Bank of Canada raised its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,911,589 shares of the textile maker’s stock after purchasing an additional 1,193,718 shares during the period. Royal Bank of Canada’s holdings in Gildan Activewear were worth $384,629,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GIL. AQR Capital Management LLC raised 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 worth $584,000 after buying an additional 4,360 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Gildan Activewear by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after acquiring an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Gildan Activewear by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock worth $8,251,000 after purchasing an additional 4,714 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after purchasing an additional 259 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Gildan Activewear in the 2nd quarter valued at $317,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Up 2.2%

GIL opened at $51.80 on Wednesday. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The firm has a market capitalization of $9.59 billion, a P/E ratio of 30.47 and a beta of 1.11. The company’s 50-day moving average is $54.74 and its 200 day moving average is $59.65. 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 (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 analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm’s quarterly revenue was up 63.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were given a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.9%. Gildan Activewear’s payout ratio is currently 58.24%.

Analysts Set New Price Targets

A number of research analysts have weighed in on GIL shares. Scotiabank reaffirmed a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday, June 17th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. Stifel Nicolaus set a $80.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a report on Monday, July 20th. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Thirteen 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.com, Gildan Activewear presently has an average rating of “Moderate Buy” and an average price target of $78.21.

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.