Lakewood Capital Management LP Sells 224,000 Shares of Gildan Activewear, Inc. $GIL

Lakewood Capital Management LP reduced its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 67.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,041 shares of the textile maker’s stock after selling 224,000 shares during the quarter. Lakewood Capital Management LP owned about 0.07% of Gildan Activewear worth $6,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GIL. Envestnet Asset Management Inc. boosted its holdings in shares of Gildan Activewear by 9.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock valued at $26,873,000 after buying an additional 39,072 shares in the last quarter. JCIC Asset Management Inc. purchased a new position in Gildan Activewear during the 3rd quarter valued at about $6,920,000. Northwest & Ethical Investments L.P. lifted its position in Gildan Activewear by 11.8% during the 2nd quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock valued at $4,561,000 after acquiring an additional 9,774 shares during the period. Intact Investment Management Inc. boosted its stake in Gildan Activewear by 1.7% during the third quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock worth $66,661,000 after acquiring an additional 19,196 shares in the last quarter. Finally, Oakcliff Capital Partners LP boosted its stake in Gildan Activewear by 11.4% during the second quarter. Oakcliff Capital Partners LP now owns 681,689 shares of the textile maker’s stock worth $33,566,000 after acquiring an additional 70,000 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Shares of NYSE GIL opened at $58.69 on Friday. The company has a market cap of $10.87 billion, a P/E ratio of 22.40 and a beta of 1.05. Gildan Activewear, Inc. has a 52-week low of $37.16 and a 52-week high of $73.69. 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 firm’s fifty day moving average is $66.74 and its two-hundred day moving average is $61.31.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.249 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is currently 34.35%.

Wall Street Analysts Forecast Growth

GIL has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. National Bank Financial upped their price target on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. UBS Group reaffirmed a “buy” rating and set a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Royal Bank Of Canada lowered their price objective on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Finally, BMO Capital Markets boosted their target price on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.