Gildan Activewear, Inc. $GIL Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,282 shares of the textile maker’s stock after selling 46,965 shares during the quarter. Gildan Activewear accounts for 1.7% of Marathon Asset Management Ltd’s holdings, making the stock its 25th largest holding. Marathon Asset Management Ltd owned approximately 0.53% of Gildan Activewear worth $45,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Maseco LLP purchased a new position in Gildan Activewear during the 2nd quarter valued at about $26,000. Smartleaf Asset Management LLC increased its stake in Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares during the period. Twin Tree Management LP acquired a new stake in shares of Gildan Activewear during the first quarter worth about $29,000. Farther Finance Advisors LLC boosted its stake in shares of Gildan Activewear by 240.1% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 521 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Gildan Activewear by 5,200.0% in the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,092 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE:GIL opened at $63.53 on Monday. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $65.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88. The firm has a market capitalization of $11.76 billion, a PE ratio of 20.30 and a beta of 1.12. The business’s fifty day moving average price is $59.05 and its 200 day moving average price is $55.56.

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, 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 business had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. During the same period in the prior year, the firm posted $0.85 EPS. The business’s quarterly 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. On average, sell-side analysts anticipate that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were issued 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 1.4%. Gildan Activewear’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GIL. Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and increased their target price for the stock from $60.00 to $63.00 in a report on Monday, October 20th. Wall Street Zen lowered Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Saturday, September 6th. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. UBS Group restated a “buy” rating and set a $110.00 price target (up previously from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Finally, Royal Bank Of Canada increased their price target on Gildan Activewear from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.46.

Gildan Activewear Company 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.