Louisbourg Investments Inc. Has $10.35 Million Stake in Gildan Activewear, Inc. $GIL

Louisbourg Investments Inc. boosted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,231 shares of the textile maker’s stock after buying an additional 33,915 shares during the quarter. Gildan Activewear makes up approximately 2.1% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 8th largest position. Louisbourg Investments Inc. owned approximately 0.12% of Gildan Activewear worth $10,351,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in shares of Gildan Activewear by 61.9% during the 2nd quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock worth $218,622,000 after acquiring an additional 1,695,329 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Gildan Activewear by 24.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker’s stock worth $180,305,000 after purchasing an additional 718,896 shares during the period. Cardinal Capital Management Inc. increased its holdings in shares of Gildan Activewear by 0.5% in the second quarter. Cardinal Capital Management Inc. now owns 2,728,046 shares of the textile maker’s stock valued at $134,378,000 after purchasing an additional 14,065 shares during the last quarter. Norges Bank bought a new position in shares of Gildan Activewear in the second quarter valued at about $101,409,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after buying an additional 503,359 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Trading Down 1.8%

Shares of NYSE:GIL opened at $63.46 on Friday. The business’s 50 day simple moving average is $58.79 and its 200 day simple moving average is $54.92. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $65.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88. The company has a market capitalization of $11.75 billion, a P/E ratio of 20.27 and a beta of 1.12.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, research analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is presently 28.75%.

Wall Street Analyst Weigh In

GIL has been the topic of a number of research reports. TD Securities reiterated a “buy” rating and issued a $74.00 price target on shares of Gildan Activewear in a research note on Thursday, October 30th. Barclays reaffirmed an “overweight” rating and issued a $70.00 target price (up previously from $64.00) on shares of Gildan Activewear in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Gildan Activewear in a report on Monday. Wall Street Zen downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Saturday, September 6th. Finally, National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and an average target price of $74.46.

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.