Basepoint Wealth LLC Invests $633,000 in Gildan Activewear, Inc. $GIL

Basepoint Wealth LLC purchased a new position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,139 shares of the textile maker’s stock, valued at approximately $633,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock worth $472,964,000 after buying an additional 1,561,729 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Gildan Activewear by 9.6% in the third quarter. Mackenzie Financial Corp now owns 4,858,829 shares of the textile maker’s stock worth $280,639,000 after buying an additional 424,809 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Gildan Activewear by 95.2% in the third quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock worth $161,749,000 after buying an additional 1,364,953 shares during the period. Geode Capital Management LLC increased its position in shares of Gildan Activewear by 29.3% in the fourth quarter. Geode Capital Management LLC now owns 1,840,467 shares of the textile maker’s stock worth $120,494,000 after acquiring an additional 417,301 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Gildan Activewear by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after acquiring an additional 503,359 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of research analyst reports. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus lifted their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. National Bank Financial boosted their price target on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. 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 note on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Trading Up 0.8%

Gildan Activewear stock opened at $61.19 on Friday. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The firm has a market capitalization of $11.33 billion, a PE ratio of 35.99 and a beta of 1.10. The business’s 50-day simple moving average is $57.66 and its 200-day simple moving average is $61.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted 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. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $0.59 earnings per share. Gildan Activewear’s revenue for the quarter 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. Equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is presently 58.82%.

About Gildan Activewear

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.