MUFG Securities EMEA plc Takes $4.38 Million Position in Gildan Activewear, Inc. $GIL

MUFG Securities EMEA plc acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 4th quarter, Holdings Channel reports. The fund acquired 70,000 shares of the textile maker’s stock, valued at approximately $4,376,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Webster Bank N. A. acquired a new stake in Gildan Activewear during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC lifted its stake in Gildan Activewear by 3,516.7% during the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 422 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Gildan Activewear during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its stake in Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 460 shares during the last quarter. Finally, Maseco LLP purchased a new stake in shares of Gildan Activewear in the 4th quarter valued at approximately $33,000. 82.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GIL has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Friday, May 1st. Scotiabank reduced their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Finally, National Bank Financial upped their price target on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Gildan Activewear presently has an average rating of “Moderate Buy” and an average target price of $79.77.

Gildan Activewear Stock Down 0.0%

Shares of NYSE:GIL opened at $60.98 on Monday. The company has a market cap of $11.29 billion, a PE ratio of 35.87 and a beta of 1.08. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The firm has a 50 day simple moving average of $57.71 and a 200 day simple moving average of $61.44. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69.

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 for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, research analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be paid a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is currently 58.82%.

Gildan Activewear 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.