RBF Capital LLC Acquires Shares of 33,060 Gildan Activewear, Inc. $GIL

RBF Capital LLC acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 33,060 shares of the textile maker’s stock, valued at approximately $2,065,000.

Several other institutional investors also recently bought and sold shares of GIL. AQR Capital Management LLC grew its holdings in Gildan Activewear by 49.3% in the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock valued at $584,000 after purchasing an additional 4,360 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Gildan Activewear by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after acquiring an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Gildan Activewear by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after acquiring an additional 4,714 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Gildan Activewear by 2.1% in the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after acquiring an additional 259 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of Gildan Activewear in the second quarter valued at approximately $317,000. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $50.47 on Wednesday. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 29.69 and a beta of 1.08. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The business’s 50 day moving average price is $58.28 and its 200 day moving average price is $61.53.

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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The firm’s revenue was up 63.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, research analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th were paid a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. Gildan Activewear’s payout ratio is presently 58.82%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. 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 research report on Monday, March 2nd. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, TD Securities restated a “buy” rating on shares of Gildan Activewear in a research report on Tuesday. Twelve 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear 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.