Cibc World Market Inc. Sells 28,140 Shares of Gildan Activewear, Inc. $GIL

Cibc World Market Inc. lessened its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 998,897 shares of the textile maker’s stock after selling 28,140 shares during the period. Cibc World Market Inc. owned about 0.54% of Gildan Activewear worth $62,441,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GIL. AQR Capital Management LLC raised its holdings in Gildan Activewear by 49.3% during the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after acquiring an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in 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 valued at $77,838,000 after buying an additional 503,359 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gildan Activewear by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after buying an additional 4,714 shares during the period. Cetera Investment Advisers raised its stake in Gildan Activewear by 2.1% in the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after buying an additional 259 shares during the period. Finally, Prudential Financial Inc. bought a new stake in Gildan Activewear in the second quarter valued at approximately $317,000. Institutional investors own 82.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on GIL shares. Scotiabank reduced their target price on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research note on Monday, May 4th. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus lifted their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average price target of $79.77.

Gildan Activewear Stock Performance

NYSE:GIL opened at $58.27 on Thursday. The stock has a market cap of $10.79 billion, a P/E ratio of 34.27 and a beta of 1.08. The stock has a 50 day simple moving average of $57.83 and a 200 day simple moving average of $61.47. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. Gildan Activewear, Inc. has a 1-year low of $46.00 and a 1-year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The business 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 for the quarter was up 63.8% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts anticipate that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) 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.