BW Gestao de Investimentos Ltda. Acquires Shares of 65,864 Gildan Activewear, Inc. $GIL

BW Gestao de Investimentos Ltda. purchased a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,864 shares of the textile maker’s stock, valued at approximately $4,114,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIL. Norges Bank bought a new position in shares of Gildan Activewear during the fourth quarter worth $151,018,000. Vanguard Group Inc. boosted its position in shares of Gildan Activewear by 26.0% during the fourth 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 in the last quarter. Lazard Asset Management LLC boosted its position in shares of Gildan Activewear by 95.2% during the third 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 in the last quarter. Hudson Way Capital Management LLC bought a new position in shares of Gildan Activewear during the third quarter worth $57,530,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Gildan Activewear by 329.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock worth $78,934,000 after purchasing an additional 971,746 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $58.45 on Wednesday. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 34.38 and a beta of 1.08. 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 company has a 50-day simple moving average of $57.76 and a 200 day simple moving average of $61.46. 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 data on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’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. On average, sell-side analysts predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.249 per share. 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 dividend payout ratio is 58.82%.

Analyst Ratings Changes

Several equities research analysts recently commented on GIL shares. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Scotiabank cut their price objective 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. Royal Bank Of Canada cut their price objective 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 boosted their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

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.