Gildan Activewear, Inc. $GIL Shares Purchased by Boston Partners

Boston Partners raised its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 44.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,199 shares of the textile maker’s stock after purchasing an additional 95,989 shares during the quarter. Boston Partners owned about 0.21% of Gildan Activewear worth $15,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GIL. Campbell & CO Investment Adviser LLC grew its holdings in Gildan Activewear by 130.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 52,236 shares of the textile maker’s stock worth $2,572,000 after buying an additional 29,548 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Gildan Activewear by 40.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,579,620 shares of the textile maker’s stock worth $77,885,000 after acquiring an additional 454,327 shares during the period. Aviva PLC boosted its position in Gildan Activewear by 10.6% during the 2nd quarter. Aviva PLC now owns 102,054 shares of the textile maker’s stock worth $5,028,000 after acquiring an additional 9,760 shares during the period. Metis Global Partners LLC grew its stake in shares of Gildan Activewear by 12.8% in the second quarter. Metis Global Partners LLC now owns 8,481 shares of the textile maker’s stock worth $418,000 after purchasing an additional 964 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Gildan Activewear by 6.8% during the second quarter. Savant Capital LLC now owns 8,077 shares of the textile maker’s stock valued at $398,000 after purchasing an additional 512 shares during the period. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 1.6%

GIL stock opened at $57.62 on Friday. The firm has a market cap of $8.59 billion, a PE ratio of 18.41, a P/E/G ratio of 1.93 and a beta of 1.22. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $62.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67. The firm has a 50 day simple moving average of $58.05 and a 200 day simple moving average of $52.96.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly 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 business had revenue of $910.60 million during the quarter, compared to analyst estimates of $925.24 million. Gildan Activewear had a return on equity of 35.90% and a net margin of 14.13%.Gildan Activewear’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Equities research analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 19th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.75%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th. Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and upped their price target for the stock from $60.00 to $63.00 in a research note on Monday, October 20th. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Stifel Nicolaus set a $75.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Wall Street Zen downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Saturday, September 6th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

Gildan Activewear Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.