Walleye Capital LLC Invests $1.39 Million in Gildan Activewear, Inc. $GIL

Walleye Capital LLC acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,934 shares of the textile maker’s stock, valued at approximately $1,388,000.

A number of other institutional investors have also recently made changes to their positions in the business. Islay Capital Management LLC acquired a new stake in Gildan Activewear during the 4th quarter worth approximately $25,000. Webster Bank N. A. purchased a new position in Gildan Activewear in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in shares of 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 acquiring an additional 422 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after acquiring an additional 445 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Gildan Activewear during the fourth quarter worth $32,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of GIL opened at $49.65 on Friday. Gildan Activewear, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69. The firm’s fifty day simple moving average is $55.04 and its 200-day simple moving average is $59.92. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 29.20 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities 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. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s payout ratio is 58.82%.

Analysts Set New Price Targets

Several analysts have recently issued reports on GIL shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research note on Friday, May 1st. Scotiabank restated a “sector outperform” rating and set a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. Scotia cut their price target on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Wednesday, June 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Finally, Stifel Nicolaus set a $80.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.21.

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.