Bank of New York Mellon Corp Buys 38,437 Shares of Gildan Activewear, Inc. $GIL

Bank of New York Mellon Corp grew its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,445 shares of the textile maker’s stock after buying an additional 38,437 shares during the period. Bank of New York Mellon Corp’s holdings in Gildan Activewear were worth $12,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GIL. Islay Capital Management LLC bought a new stake in Gildan Activewear in the fourth quarter valued at approximately $25,000. Webster Bank N. A. acquired a new stake in Gildan Activewear during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC raised its holdings in Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Gildan Activewear by 14,833.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Gildan Activewear in the 4th quarter worth approximately $32,000. 82.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Stifel Nicolaus set a $83.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday. Scotiabank reaffirmed a “sector outperform” rating and set a $67.00 price target (up from $65.00) on shares of Gildan Activewear in a research report on Friday. Scotia upped their price target on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and an average price target of $79.07.

Trending Headlines about Gildan Activewear

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Scotia raised its price target for GIL from $65 to $67 and upgraded the stock to “sector outperform,” implying approximately 20% upside from the cited market price. BayStreet.CA analyst rating
• Positive Sentiment: Gildan reported second-quarter adjusted earnings of $1.28 per share, beating the $1.11 consensus estimate and rising from $0.97 a year earlier. Revenue from continuing operations reached $1.58 billion, up 72.3% year over year, while operating margin was 11.1% and adjusted operating margin was 22.3%. The company also updated its full-year 2026 guidance. Gildan second-quarter results
• Positive Sentiment: The company declared a quarterly dividend of $0.249 per share, payable September 14 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.8%, supporting the stock’s income appeal.
• Positive Sentiment: Gildan announced the sale of HanesBrands Australia, a move that could simplify its portfolio and sharpen focus on core operations. Retail Insider report
• Neutral Sentiment: Despite adjusted earnings strength, reported coverage highlighted a $50 million quarterly net loss, and revenue of $1.58 billion was below the $1.61 billion analyst consensus. MarketBeat earnings report
• Neutral Sentiment: Unusually high trading in Gildan put options signals that some investors are positioning for downside, although options activity alone does not establish the stock’s future direction. Put options report
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims alleging that Gildan may have issued materially misleading business information. The investigation could create legal costs, reputational risk and uncertainty for shareholders, although no wrongdoing has been established. Rosen Law Firm investigation

Gildan Activewear Stock Performance

Shares of GIL stock opened at $55.38 on Friday. The firm has a 50 day moving average of $54.45 and a 200-day moving average of $59.46. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 106.50 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 22.00%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 72.3% on a year-over-year basis. On average, equities analysts forecast that Gildan Activewear, Inc. will post 4.7 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 20th. Gildan Activewear’s dividend payout ratio is 190.38%.

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.