Azzad Asset Management Inc. ADV Purchases 25,340 Shares of Gildan Activewear, Inc. $GIL

Azzad Asset Management Inc. ADV increased its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 40.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 88,628 shares of the textile maker’s stock after acquiring an additional 25,340 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Gildan Activewear were worth $4,932,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Advisors Network LLC boosted its holdings in shares of Gildan Activewear by 11.8% in the first quarter. Integrated Advisors Network LLC now owns 8,525 shares of the textile maker’s stock valued at $474,000 after buying an additional 900 shares during the period. Hodges Capital Management Inc. raised its holdings in shares of Gildan Activewear by 15.2% during the first quarter. Hodges Capital Management Inc. now owns 236,306 shares of the textile maker’s stock worth $13,150,000 after acquiring an additional 31,152 shares during the period. Oxbow Advisors LLC raised its holdings in shares of Gildan Activewear by 29.2% during the first quarter. Oxbow Advisors LLC now owns 115,939 shares of the textile maker’s stock worth $6,452,000 after acquiring an additional 26,232 shares during the period. First Dallas Securities Inc. bought a new stake in Gildan Activewear in the 1st quarter valued at $534,000. Finally, Y Intercept Hong Kong Ltd lifted its position in Gildan Activewear by 683.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 58,628 shares of the textile maker’s stock valued at $3,263,000 after acquiring an additional 51,147 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on GIL. Scotia lowered their target price on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 17th. Scotiabank restated a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Finally, Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.21.

Gildan Activewear Trading Down 0.0%

Shares of NYSE:GIL opened at $50.89 on Friday. The company’s 50-day moving average price is $56.23 and its two-hundred day moving average price is $60.64. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The stock has a market capitalization of $9.42 billion, a PE ratio of 29.93 and a beta of 1.11.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.Gildan Activewear’s revenue for the quarter was up 63.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 2.0%. Gildan Activewear’s dividend payout ratio is 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.