Arkadios Wealth Advisors Acquires 2,107 Shares of Gildan Activewear, Inc. $GIL

Arkadios Wealth Advisors lifted its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 33.3% in the second quarter, Holdings Channel reports. The fund owned 8,442 shares of the textile maker’s stock after purchasing an additional 2,107 shares during the quarter. Arkadios Wealth Advisors’ holdings in Gildan Activewear were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GIL. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Gildan Activewear by 4.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,207 shares of the textile maker’s stock valued at $552,000 after purchasing an additional 493 shares during the last quarter. Cardinal Point Capital Management ULC bought a new stake in shares of Gildan Activewear in the 2nd quarter valued at approximately $300,000. Legacy Wealth Asset Management LLC lifted its stake in shares of Gildan Activewear by 18.8% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 37,148 shares of the textile maker’s stock valued at $1,829,000 after purchasing an additional 5,885 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Gildan Activewear by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,619 shares of the textile maker’s stock worth $3,612,000 after buying an additional 231 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its position in Gildan Activewear by 4.5% in the second quarter. Bridges Investment Management Inc. now owns 35,005 shares of the textile maker’s stock worth $1,724,000 after buying an additional 1,515 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Down 2.0%

Shares of GIL opened at $56.78 on Wednesday. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $62.56. The company has a 50-day moving average of $57.70 and a 200 day moving average of $52.39. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.90%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, research analysts expect that Gildan Activewear, Inc. will post 3.48 EPS for the current 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 issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, November 19th. Gildan Activewear’s payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of analyst reports. Canaccord Genuity Group raised their price target on Gildan Activewear from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Desjardins raised their target price on shares of Gildan Activewear from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Stifel Nicolaus set a $75.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a research note on Friday, September 19th. National Bankshares reissued an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Gildan Activewear in a research note on Tuesday, October 14th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

About Gildan Activewear

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.