9,496 Shares in Gildan Activewear, Inc. $GIL Acquired by Choreo LLC

Choreo LLC bought a new position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 9,496 shares of the textile maker’s stock, valued at approximately $468,000.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Gildan Activewear by 173.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,259 shares of the textile maker’s stock worth $542,000 after purchasing an additional 7,778 shares during the period. Aigen Investment Management LP boosted its holdings in Gildan Activewear by 243.7% during the 1st quarter. Aigen Investment Management LP now owns 26,356 shares of the textile maker’s stock valued at $1,165,000 after acquiring an additional 18,688 shares during the period. Invesco Ltd. grew its position in Gildan Activewear by 12.2% during the 1st quarter. Invesco Ltd. now owns 137,553 shares of the textile maker’s stock worth $6,083,000 after acquiring an additional 14,939 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in Gildan Activewear by 11.8% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock worth $4,561,000 after purchasing an additional 9,774 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Gildan Activewear by 4.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,207 shares of the textile maker’s stock valued at $552,000 after purchasing an additional 493 shares during the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $57.25 on Wednesday. Gildan Activewear, Inc. has a fifty-two week low of $37.16 and a fifty-two week high of $62.56. The stock’s 50 day simple moving average is $58.53 and its two-hundred day simple moving average is $53.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 18.29 and a beta of 1.12.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The firm had revenue of $910.60 million during the quarter, compared to analyst estimates of $925.24 million. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, analysts expect that Gildan Activewear, Inc. will post 3.48 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, December 15th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, November 19th. Gildan Activewear’s payout ratio is 28.75%.

Analyst Upgrades and Downgrades

GIL has been the topic of several recent analyst reports. TD Cowen raised their target price on shares of Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, October 6th. BMO Capital Markets restated an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, August 14th. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Canaccord Genuity Group boosted their price target on Gildan Activewear from $60.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and an average price target of $72.15.

Gildan Activewear Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.