Cardinal Capital Management Inc. Has $156.46 Million Holdings in Gildan Activewear, Inc. $GIL

Cardinal Capital Management Inc. lessened its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,706,566 shares of the textile maker’s stock after selling 21,480 shares during the period. Gildan Activewear makes up about 4.5% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its largest position. Cardinal Capital Management Inc.’s holdings in Gildan Activewear were worth $156,460,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GIL. Maseco LLP purchased a new position in shares of Gildan Activewear in the 2nd quarter worth $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares during the last quarter. Twin Tree Management LP purchased a new position in Gildan Activewear in the first quarter worth about $29,000. Assetmark Inc. increased its stake in Gildan Activewear by 5,200.0% during the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Gildan Activewear by 51.4% during the second quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock worth $100,000 after acquiring an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. TD Cowen lifted their price objective on shares of Gildan Activewear from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Stifel Nicolaus set a $75.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Friday, September 19th. UBS Group set a $80.00 target price on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Desjardins upped their price target on shares of Gildan Activewear from $80.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

Gildan Activewear Trading Down 0.8%

NYSE GIL opened at $60.01 on Tuesday. The stock has a market cap of $11.11 billion, a PE ratio of 19.17 and a beta of 1.12. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $62.56. The company’s 50-day moving average price is $58.55 and its 200-day moving average price is $54.56. The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Equities research analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 1.5%. Gildan Activewear’s payout ratio is 28.75%.

Gildan Activewear Company 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.