Basepoint Wealth LLC Makes New $633,000 Investment in Gildan Activewear, Inc. $GIL

Basepoint Wealth LLC acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,139 shares of the textile maker’s stock, valued at approximately $633,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after acquiring an additional 1,561,729 shares during the period. Mackenzie Financial Corp boosted its position in Gildan Activewear by 9.6% in the third quarter. Mackenzie Financial Corp now owns 4,858,829 shares of the textile maker’s stock valued at $280,639,000 after buying an additional 424,809 shares in the last quarter. Lazard Asset Management LLC grew its stake 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 buying an additional 1,364,953 shares during the last quarter. Geode Capital Management LLC grew its stake in Gildan Activewear by 29.3% during the fourth quarter. Geode Capital Management LLC now owns 1,840,467 shares of the textile maker’s stock worth $120,494,000 after buying an additional 417,301 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Gildan Activewear by 40.0% during the first 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 in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GIL shares. Scotiabank decreased their price target on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research report on Friday, May 1st. Royal Bank Of Canada decreased their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. 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, National Bank Financial increased their price objective on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.77.

Gildan Activewear Trading Up 0.8%

Shares of NYSE GIL opened at $61.19 on Friday. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The firm has a market capitalization of $11.33 billion, a P/E ratio of 35.99 and a beta of 1.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The company’s 50 day simple moving average is $57.66 and its 200 day simple moving average is $61.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its 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. The firm had revenue of $1.17 billion during 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 business’s quarterly revenue was up 63.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is presently 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.