Cumberland Partners Ltd Has $1.45 Million Stake in Gildan Activewear, Inc. $GIL

Cumberland Partners Ltd raised its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 230.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,100 shares of the textile maker’s stock after purchasing an additional 16,100 shares during the period. Cumberland Partners Ltd’s holdings in Gildan Activewear were worth $1,445,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Gildan Activewear by 26.0% in the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after purchasing an additional 1,561,729 shares during the period. Mackenzie Financial Corp lifted its position in shares of Gildan Activewear by 9.6% in the 3rd quarter. Mackenzie Financial Corp now owns 4,858,829 shares of the textile maker’s stock worth $280,639,000 after purchasing an additional 424,809 shares during the period. Lazard Asset Management LLC lifted its position in shares of Gildan Activewear by 95.2% in the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock worth $161,749,000 after purchasing an additional 1,364,953 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Gildan Activewear by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after purchasing an additional 503,359 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of Gildan Activewear by 30.4% in the 3rd quarter. Bahl & Gaynor Inc. now owns 1,457,591 shares of the textile maker’s stock worth $84,249,000 after purchasing an additional 339,959 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GIL shares. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. BMO Capital Markets boosted their price target on shares of Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Scotiabank dropped their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Finally, Royal Bank Of Canada dropped their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.77.

Gildan Activewear Stock Performance

NYSE:GIL opened at $58.11 on Friday. The company has a fifty day moving average of $57.57 and a 200-day moving average of $61.29. The firm has a market capitalization of $10.76 billion, a P/E ratio of 34.18 and a beta of 1.10. 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 twelve month low of $46.00 and a twelve month high of $73.69.

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

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be paid a $0.249 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Gildan Activewear’s payout ratio is currently 58.82%.

Gildan Activewear 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.