Natixis Advisors LLC Reduces Stock Position in Gildan Activewear, Inc. $GIL

Natixis Advisors LLC lowered its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,499 shares of the textile maker’s stock after selling 85,666 shares during the period. Natixis Advisors LLC owned 0.20% of Gildan Activewear worth $23,079,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Gildan Activewear during the fourth quarter worth $4,114,000. MUFG Securities EMEA plc purchased a new stake in shares of Gildan Activewear during the fourth quarter worth $4,376,000. Norges Bank purchased a new stake in shares of Gildan Activewear during the fourth quarter worth $151,018,000. Basepoint Wealth LLC purchased a new stake in shares of Gildan Activewear during the fourth quarter worth $633,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Gildan Activewear by 454.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,658 shares of the textile maker’s stock worth $166,000 after acquiring an additional 2,179 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Stifel Nicolaus increased their price objective on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research report on Friday, May 1st. Finally, Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Trading Down 0.3%

NYSE GIL opened at $57.69 on Friday. The stock’s 50-day simple moving average is $57.84 and its two-hundred day simple moving average is $61.43. Gildan Activewear, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 33.93 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.249 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

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.