Goldman Sachs Group Inc. Raises Holdings in Gildan Activewear, Inc. $GIL

Goldman Sachs Group Inc. increased its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 52.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,450,352 shares of the textile maker’s stock after buying an additional 496,779 shares during the quarter. Goldman Sachs Group Inc. owned about 0.78% of Gildan Activewear worth $90,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GIL. Norges Bank purchased a new position in shares of Gildan Activewear in the 4th quarter worth $151,018,000. Vanguard Group Inc. raised its position in shares of Gildan Activewear by 26.0% in the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after buying an additional 1,561,729 shares during the period. Lazard Asset Management LLC raised its position in shares of Gildan Activewear by 95.2% in the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock worth $161,749,000 after buying an additional 1,364,953 shares during the period. Hudson Way Capital Management LLC purchased a new position in shares of Gildan Activewear in the 3rd quarter worth $57,530,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Gildan Activewear by 329.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock worth $78,934,000 after buying an additional 971,746 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Trading Up 3.8%

NYSE:GIL opened at $59.17 on Wednesday. The business’s 50-day moving average is $57.96 and its two-hundred day moving average is $61.49. 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 12 month low of $46.00 and a 12 month high of $73.69. The firm has a market capitalization of $10.96 billion, a PE ratio of 34.81 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company’s revenue was up 63.8% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on GIL. Scotiabank cut their price objective on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada cut their price objective on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Stifel Nicolaus raised their price objective on 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 raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, UBS Group reissued a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and a consensus 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.