Alberta Investment Management Corp Makes New Investment in Gildan Activewear, Inc. $GIL

Alberta Investment Management Corp acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,116,596 shares of the textile maker’s stock, valued at approximately $69,793,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Gildan Activewear during the fourth quarter worth about $151,018,000. Brandes Investment Partners LP bought a new stake in Gildan Activewear during the fourth quarter worth about $99,870,000. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 1,561,729 shares in the last quarter. Lazard Asset Management LLC raised its holdings in 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 acquiring an additional 1,364,953 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Gildan Activewear by 27.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,797,077 shares of the textile maker’s stock worth $363,102,000 after acquiring an additional 1,252,985 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GIL. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Stifel Nicolaus increased their price target 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. Royal Bank Of Canada cut their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Stock Performance

NYSE GIL opened at $61.88 on Tuesday. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The stock has a market cap of $11.46 billion, a PE ratio of 36.40 and a beta of 1.08. The firm has a 50-day moving average of $58.36 and a 200-day moving average of $61.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.59 EPS. Gildan Activewear’s quarterly revenue 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, sell-side analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

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

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.