Intech Investment Management LLC Raises Stake in Gildan Activewear, Inc. $GIL

Intech Investment Management LLC raised its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 45.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,066 shares of the textile maker’s stock after purchasing an additional 10,970 shares during the period. Intech Investment Management LLC’s holdings in Gildan Activewear were worth $2,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its holdings in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Gildan Activewear by 240.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 521 shares in the last quarter. Assetmark Inc. increased its stake in Gildan Activewear by 5,200.0% during the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,092 shares in the last quarter. Blue Trust Inc. raised its holdings in Gildan Activewear by 12.1% in the third quarter. Blue Trust Inc. now owns 2,268 shares of the textile maker’s stock worth $131,000 after buying an additional 245 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Gildan Activewear by 82.3% in the third quarter. Versant Capital Management Inc now owns 2,850 shares of the textile maker’s stock worth $165,000 after buying an additional 1,287 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.5%

Gildan Activewear stock opened at $67.19 on Thursday. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $73.69. The stock has a fifty day moving average of $66.90 and a 200 day moving average of $61.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. The stock has a market cap of $12.44 billion, a PE ratio of 25.65 and a beta of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 31.1% 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 predict that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be paid a dividend of $0.249 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is 34.35%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target 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. Zacks Research lowered Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. National Bank Financial upped their price target on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Scotiabank increased their price objective on Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $79.00 target price on shares of Gildan Activewear in a research note on Friday, February 20th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.08.

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.