Intech Investment Management LLC Buys 10,970 Shares of Gildan Activewear, Inc. $GIL

Intech Investment Management LLC increased its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 45.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,066 shares of the textile maker’s stock after acquiring an additional 10,970 shares during the quarter. Intech Investment Management LLC’s holdings in Gildan Activewear were worth $2,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in Gildan Activewear during the 3rd quarter valued at approximately $6,920,000. Envestnet Asset Management Inc. grew its holdings in Gildan Activewear by 9.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock valued at $26,873,000 after buying an additional 39,072 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in Gildan Activewear by 11.8% during the 2nd quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock valued at $4,561,000 after buying an additional 9,774 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Gildan Activewear by 1.7% during the third quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock valued at $66,661,000 after buying an additional 19,196 shares during the last quarter. Finally, Oakcliff Capital Partners LP lifted its holdings in shares of Gildan Activewear by 11.4% in the second quarter. Oakcliff Capital Partners LP now owns 681,689 shares of the textile maker’s stock worth $33,566,000 after buying an additional 70,000 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GIL has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating and set a $110.00 target price (up from $80.00) on shares of Gildan Activewear in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $79.00 price objective on shares of Gildan Activewear in a research report on Friday, February 20th. National Bank Financial lifted their target price on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. Finally, BMO Capital Markets raised their price target on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.08.

Gildan Activewear Stock Up 0.5%

Shares of NYSE:GIL opened at $67.19 on Thursday. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 25.65 and a beta of 1.05. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $73.69. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $66.90 and a 200 day moving average price of $61.04.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities research analysts predict that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be given a $0.249 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, March 19th. Gildan Activewear’s dividend payout ratio is 34.35%.

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.