Mackenzie Financial Corp Has $280.64 Million Position in Gildan Activewear, Inc. $GIL

Mackenzie Financial Corp boosted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 9.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,858,829 shares of the textile maker’s stock after buying an additional 424,809 shares during the period. Mackenzie Financial Corp’s holdings in Gildan Activewear were worth $280,639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in shares of Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after buying an additional 343 shares in the last quarter. Farther Finance Advisors LLC increased its position in Gildan Activewear by 240.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 521 shares in the last quarter. Assetmark Inc. increased its position in Gildan Activewear by 5,200.0% in the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,092 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Gildan Activewear by 12.1% in the third quarter. Blue Trust Inc. now owns 2,268 shares of the textile maker’s stock worth $131,000 after acquiring an additional 245 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Gildan Activewear by 82.3% during the third quarter. Versant Capital Management Inc now owns 2,850 shares of the textile maker’s stock valued at $165,000 after purchasing an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

GIL has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. UBS Group restated a “buy” rating and issued a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Zacks Research lowered shares of Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Scotiabank upped their target price on shares of Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research report on Monday, March 2nd. Finally, National Bank Financial raised their price target on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.08.

Gildan Activewear Price Performance

Shares of GIL opened at $62.19 on Wednesday. The stock has a 50 day simple moving average of $66.90 and a 200 day simple moving average of $61.29. Gildan Activewear, Inc. has a 52-week low of $37.16 and a 52-week high of $73.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. The firm has a market capitalization of $11.52 billion, a PE ratio of 23.74 and a beta of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion. Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Sell-side analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 19th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio (DPR) is currently 34.35%.

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.