Swiss Life Asset Management Ltd Purchases 22,005 Shares of Gildan Activewear, Inc. $GIL

by · The Cerbat Gem

Swiss Life Asset Management Ltd grew its position in shares of Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) by 220.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,979 shares of the textile maker’s stock after buying an additional 22,005 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Gildan Activewear were worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in GIL. Vanguard Group Inc. increased its position in shares of Gildan Activewear by 26.0% during the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after purchasing an additional 1,561,729 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Gildan Activewear by 95.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock valued at $161,749,000 after purchasing an additional 1,364,953 shares during the last quarter. Hudson Way Capital Management LLC purchased a new stake in shares of Gildan Activewear during the 3rd quarter valued at $57,530,000. TD Waterhouse Canada Inc. increased its position in shares of Gildan Activewear by 329.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock valued at $78,934,000 after purchasing an additional 971,746 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Gildan Activewear during the 4th quarter valued at $36,866,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GIL shares. Weiss Ratings downgraded shares of Gildan Activewear from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. TD Securities reissued a “buy” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Tuesday, January 27th. National Bank Financial increased their target price on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Finally, Royal Bank Of Canada reduced their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.77.

Get Our Latest Stock Report on GIL

Gildan Activewear Stock Down 1.2%

Shares of NYSE GIL opened at $56.44 on Friday. The business’s fifty day moving average price is $58.16 and its 200-day moving average price is $61.39. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The stock has a market capitalization of $10.45 billion, a PE ratio of 33.20 and a beta of 1.10.

Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities research analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be given a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Gildan Activewear’s payout ratio is 58.82%.

Gildan Activewear Profile

(Free Report)

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.

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