Cooke & Bieler LP Sells 1,321,569 Shares of Gildan Activewear, Inc. $GIL

Cooke & Bieler LP lowered its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 20.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,200,323 shares of the textile maker’s stock after selling 1,321,569 shares during the period. Gildan Activewear comprises 3.3% of Cooke & Bieler LP’s holdings, making the stock its 2nd largest position. Cooke & Bieler LP’s holdings in Gildan Activewear were worth $221,690,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GIL. Caitong International Asset Management Co. Ltd raised its holdings in Gildan Activewear by 14,833.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Gildan Activewear in the first quarter worth $42,000. Hara Capital LLC bought a new stake in shares of Gildan Activewear during the 2nd quarter valued at $57,000. Fifth Third Bancorp increased its stake in Gildan Activewear by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock worth $75,000 after buying an additional 192 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Gildan Activewear during the 2nd quarter valued at approximately $75,000. Institutional investors own 82.83% of the company’s stock.

Analyst Ratings Changes

GIL has been the topic of several research reports. TD reduced their target price on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Stifel Nicolaus set a $83.00 price target on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada reduced their target price on shares of Gildan Activewear from $82.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday. TD Securities cut their target price on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Finally, Citigroup reissued a “neutral” rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.58.

Gildan Activewear Price Performance

Shares of NYSE GIL opened at $40.29 on Thursday. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 77.48 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. Gildan Activewear, Inc. has a 52 week low of $39.93 and a 52 week high of $73.69. The firm has a 50-day simple moving average of $47.59 and a 200-day simple moving average of $53.04.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Gildan Activewear’s revenue for the quarter was up 72.3% compared to the same quarter last year. On average, equities analysts predict that Gildan Activewear, Inc. will post 4.67 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Thursday, August 20th were paid a $0.2490 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. Gildan Activewear’s payout ratio is currently 190.38%.

More Gildan Activewear News

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Royal Bank of Canada maintained an “outperform” rating, although it lowered its price target to $70 from $82. The revised target still implies substantial upside from the stock’s recent level. Royal Bank of Canada price-target update
• Neutral Sentiment: Multiple law firms publicized the same pending class action against Gildan. Investors who purchased securities between February 19, 2025, and June 15, 2026, have until December 14, 2026, to seek appointment as lead plaintiff. The repeated announcements largely provide procedural updates rather than new evidence or a new financial charge. Gildan investor deadline announcement
• Negative Sentiment: The lawsuit alleges that Gildan and executives misled investors by using extended payment terms, free freight, and unusually large quarter-end distributor purchases to accelerate sales—a practice described as channel stuffing—and by presenting misleading organic-growth metrics. The allegations reportedly followed an 18.7% stock decline, increasing concerns about potential litigation costs, reputational damage, and the sustainability of reported demand. Gildan channel-stuffing allegations
• Negative Sentiment: The stock is trading near its one-year low and below both its 50-day and 200-day moving averages. The litigation overhang, combined with RBC’s reduced target, is likely weighing more heavily on sentiment than the brokerage’s continued bullish rating.

Gildan Activewear Company Profile

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.