Gildan Activewear, Inc. $GIL Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,116,596 shares of the textile maker’s stock after purchasing an additional 18,900 shares during the quarter. Alberta Investment Management Corp’s holdings in Gildan Activewear were worth $69,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in Gildan Activewear by 49.3% during the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after purchasing an additional 4,360 shares during the period. Goldman Sachs Group Inc. increased its position in Gildan Activewear by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after acquiring 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% during the 1st 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 acquiring an additional 4,714 shares during the last quarter. Cetera Investment Advisers raised its stake in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after acquiring an additional 259 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Gildan Activewear during the 2nd quarter worth approximately $317,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

GIL has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a report on Wednesday. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Stifel Nicolaus upped their price objective 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. Scotiabank restated a “sector outperform” rating and issued a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.21.

Key Stories Impacting Gildan Activewear

Here are the key news stories impacting Gildan Activewear this week:

• Negative Sentiment: A forensic research report alleged Gildan may have used channel stuffing and inflated distributor inventory, raising questions about the quality of reported sales and revenue recognition. Article: Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report…
• Negative Sentiment: Multiple law firms announced securities-fraud investigations following the stock drop, adding legal overhang and signaling that investors are treating the allegations as potentially serious. Article: Securities Fraud Investigation Into Gildan Activewear Inc. (GIL) Announced
• Negative Sentiment: Media reports said the shares dropped as much as 25% on the short-seller growth accusations, reinforcing the market’s concern about possible accounting or demand issues. Article: Gildan share price drops as much as 25 per cent on short seller growth accusations
• Negative Sentiment: Additional investigations from other law firms followed, increasing uncertainty around the company’s disclosures and near-term sentiment. Article: Gildan Activewear Investigation Initiated: Levi & Korsinsky Investigates…
• Neutral Sentiment: Before the short-seller controversy, analysts had been constructive, with Scotia trimming its price target to $65 while keeping a sector-outperform rating. Article: Analyst rating update

Gildan Activewear Stock Performance

NYSE:GIL opened at $51.92 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The stock has a market cap of $9.61 billion, a PE ratio of 30.54 and a beta of 1.08. The firm’s fifty day simple moving average is $58.20 and its 200-day simple moving average is $61.47.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business’s revenue for the quarter was up 63.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Gildan Activewear’s dividend payout ratio (DPR) is 58.82%.

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.