Bleakley Financial Group LLC Acquires New Position in Gildan Activewear, Inc. $GIL

Bleakley Financial Group LLC bought a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,215 shares of the textile maker’s stock, valued at approximately $638,000.

A number of other large investors also recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of Gildan Activewear by 12.6% during the fourth quarter. Legal & General Group Plc now owns 930,882 shares of the textile maker’s stock worth $58,260,000 after purchasing an additional 103,856 shares in the last quarter. Genus Capital Management Inc. raised its holdings in Gildan Activewear by 63.6% in the fourth quarter. Genus Capital Management Inc. now owns 165,278 shares of the textile maker’s stock valued at $10,344,000 after acquiring an additional 64,235 shares in the last quarter. MQS Management LLC acquired a new stake in Gildan Activewear in the fourth quarter valued at approximately $280,000. EverSource Wealth Advisors LLC raised its holdings in Gildan Activewear by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,954 shares of the textile maker’s stock valued at $185,000 after acquiring an additional 591 shares in the last quarter. Finally, Cumberland Partners Ltd raised its holdings in Gildan Activewear by 230.0% in the fourth quarter. Cumberland Partners Ltd now owns 23,100 shares of the textile maker’s stock valued at $1,445,000 after acquiring an additional 16,100 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Trading Down 0.3%

Gildan Activewear stock opened at $60.98 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The stock has a market cap of $11.29 billion, a PE ratio of 35.87 and a beta of 1.10. The stock has a 50-day moving average price of $57.71 and a 200 day moving average price of $61.40. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS 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 analysts’ expectations of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm’s revenue was up 63.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities research analysts predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on GIL shares. National Bank Financial increased their price target on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Royal Bank Of Canada lowered their target price 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. Stifel Nicolaus raised their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.77.

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.