Oxbow Advisors LLC Increases Stake in Gildan Activewear, Inc. $GIL

Oxbow Advisors LLC grew its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 29.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,939 shares of the textile maker’s stock after buying an additional 26,232 shares during the period. Oxbow Advisors LLC’s holdings in Gildan Activewear were worth $6,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GIL. AQR Capital Management LLC grew its stake in Gildan Activewear by 49.3% during the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock valued at $584,000 after acquiring an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Gildan Activewear by 40.0% in the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Gildan Activewear by 2.6% in the 1st 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 during the last quarter. Cetera Investment Advisers lifted its stake in Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after purchasing an additional 259 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Gildan Activewear in the 2nd quarter worth $317,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Gildan Activewear stock opened at $51.50 on Friday. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average is $56.80 and its 200 day moving average is $60.98. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 30.30 and a beta of 1.11.

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, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.59 EPS. The business’s revenue was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Sell-side analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were issued 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 1.9%. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Analysts Set New Price Targets

GIL has been the subject of several research reports. Scotia dropped their price objective on shares of Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 17th. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Scotiabank reissued a “sector outperform” rating and set a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday, June 17th. Finally, TD Securities restated a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.21.

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.