Gildan Activewear, Inc. $GIL Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 52.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450,352 shares of the textile maker’s stock after acquiring an additional 496,779 shares during the period. Goldman Sachs Group Inc.’s holdings in Gildan Activewear were worth $90,589,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. acquired a new stake in shares of Gildan Activewear during the fourth quarter valued at about $25,000. Larson Financial Group LLC grew its stake in Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Gildan Activewear in the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. grew its stake in Gildan Activewear by 867.9% in the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares in the last quarter. Finally, Maseco LLP acquired a new position in Gildan Activewear in the fourth quarter worth about $33,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Stock Up 3.8%

NYSE:GIL opened at $59.17 on Wednesday. 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 stock has a 50-day simple moving average of $57.96 and a 200 day simple moving average of $61.49. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 34.81 and a beta of 1.08.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. Gildan Activewear’s quarterly revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Sell-side analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is presently 58.82%.

Wall Street Analysts Forecast Growth

GIL has been the subject of a number of research reports. Scotiabank decreased their price target on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research note on Monday, May 4th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Stifel Nicolaus lifted their price target on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

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.