Geode Capital Management LLC Grows Stake in Gildan Activewear, Inc. $GIL

Geode Capital Management LLC grew its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 29.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,840,467 shares of the textile maker’s stock after buying an additional 417,301 shares during the quarter. Geode Capital Management LLC owned approximately 0.99% of Gildan Activewear worth $120,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bleakley Financial Group LLC purchased a new stake in Gildan Activewear in the 4th quarter worth approximately $638,000. Legal & General Group Plc lifted its holdings in Gildan Activewear by 12.6% in the 4th quarter. Legal & General Group Plc now owns 930,882 shares of the textile maker’s stock worth $58,260,000 after buying an additional 103,856 shares during the period. Genus Capital Management Inc. lifted its holdings in Gildan Activewear by 63.6% in the 4th quarter. Genus Capital Management Inc. now owns 165,278 shares of the textile maker’s stock worth $10,344,000 after buying an additional 64,235 shares during the period. MQS Management LLC purchased a new stake in Gildan Activewear in the 4th quarter worth approximately $280,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Gildan Activewear by 25.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,954 shares of the textile maker’s stock worth $185,000 after buying an additional 591 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

NYSE:GIL opened at $57.69 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 company has a market capitalization of $10.68 billion, a P/E ratio of 33.93 and a beta of 1.08. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The business’s 50-day moving average is $57.84 and its 200 day moving average is $61.43.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. Gildan Activewear’s dividend payout ratio is 58.82%.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of research analyst reports. Scotiabank lowered 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. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a research note on Friday, May 1st. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday. Finally, Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus price target 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.