Gildan Activewear, Inc. $GIL Stock Holdings Boosted by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 69.3% in the 4th quarter, Holdings Channel reports. The fund owned 21,517 shares of the textile maker’s stock after buying an additional 8,809 shares during the period. Generali Asset Management SPA SGR’s holdings in Gildan Activewear were worth $1,344,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GIL. Webster Bank N. A. bought a new stake in shares of Gildan Activewear during the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC raised its stake in shares of Gildan Activewear by 161.8% during the second 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 in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Gildan Activewear by 867.9% during the third 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 in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Gildan Activewear by 169.0% during the third 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 in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Gildan Activewear during the fourth quarter valued at about $32,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Up 0.0%

NYSE:GIL opened at $59.29 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The stock’s 50-day moving average is $59.47 and its two-hundred day moving average is $61.51. The stock has a market cap of $10.98 billion, a PE ratio of 34.88 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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

Wall Street Analysts Forecast Growth

GIL has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Royal Bank Of Canada cut 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. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a research note on Friday, May 1st. Finally, Scotiabank cut 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. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and a consensus target price of $79.77.

About Gildan Activewear

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.