Assetmark Inc. Buys 12,545 Shares of Gildan Activewear, Inc. $GIL

Assetmark Inc. boosted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 20.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 72,683 shares of the textile maker’s stock after buying an additional 12,545 shares during the quarter. Assetmark Inc.’s holdings in Gildan Activewear were worth $4,045,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Webster Bank N. A. purchased a new stake in Gildan Activewear in the fourth quarter worth about $25,000. Islay Capital Management LLC purchased a new position in shares of Gildan Activewear during the 4th quarter valued at about $25,000. Larson Financial Group LLC lifted its position in shares of Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after buying an additional 422 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Gildan Activewear by 14,833.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 445 shares during the period. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE:GIL opened at $53.34 on Thursday. 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 12-month low of $46.00 and a 12-month high of $73.69. The stock has a 50-day moving average price of $55.19 and a 200 day moving average price of $60.01. The stock has a market capitalization of $9.88 billion, a P/E ratio of 31.38 and a beta of 1.11.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly 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 analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue 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. Equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GIL shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Friday, July 17th. Scotiabank reiterated a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, TD Securities restated a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.21.

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.