Geode Capital Management LLC Raises Stock Holdings in Gildan Activewear, Inc. $GIL

Geode Capital Management LLC lifted its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 29.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,840,467 shares of the textile maker’s stock after buying an additional 417,301 shares during the quarter. Geode Capital Management LLC’s holdings in Gildan Activewear were worth $120,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Webster Bank N. A. purchased a new stake in shares of Gildan Activewear in the fourth quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Gildan Activewear in the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew its stake in Gildan Activewear by 867.9% in the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares in the last quarter. Finally, Maseco LLP bought a new position in Gildan Activewear in the fourth quarter worth approximately $33,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Stock Performance

Shares of GIL opened at $57.69 on Friday. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The stock has a fifty day moving average price of $57.84 and a 200-day moving average price of $61.43. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The firm has a market cap of $10.68 billion, a PE ratio of 33.93 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued 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. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter 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 predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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 issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is currently 58.82%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GIL shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research note on Friday, May 1st. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Stifel Nicolaus increased their target price on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Scotiabank dropped their target price 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. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.