Prescott Group Capital Management L.L.C. Takes Position in Gildan Activewear, Inc. $GIL

Prescott Group Capital Management L.L.C. bought a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, Holdings Channel reports. The fund bought 35,257 shares of the textile maker’s stock, valued at approximately $2,202,000.

Other hedge funds also recently modified their holdings of the company. Webster Bank N. A. bought a new position in shares of Gildan Activewear in the 4th quarter valued at about $25,000. Larson Financial Group LLC boosted its stake in shares of Gildan Activewear by 3,516.7% in the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 422 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 460 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Gildan Activewear by 169.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $57.09 on Thursday. 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, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The company has a market capitalization of $10.57 billion, a P/E ratio of 33.58 and a beta of 1.10. The company’s 50 day moving average price is $57.72 and its two-hundred day moving average price is $61.31.

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, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be given a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s payout ratio is currently 58.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. National Bank Financial raised their target price on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Scotiabank reduced their price objective on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 4th. TD Securities reissued a “buy” rating and set a $77.00 price objective on shares of Gildan Activewear in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

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.