Gildan Activewear, Inc. $GIL Holdings Lessened by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,696,144 shares of the textile maker’s stock after selling 249,044 shares during the quarter. Beutel Goodman & Co Ltd. owned about 1.46% of Gildan Activewear worth $115,137,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GIL. Fulcrum Asset Management LLP acquired a new position in Gildan Activewear in the 3rd quarter valued at $80,000. Vise Technologies Inc. lifted its position in shares of Gildan Activewear by 15.7% during the 3rd quarter. Vise Technologies Inc. now owns 6,429 shares of the textile maker’s stock valued at $274,000 after acquiring an additional 874 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its position in shares of Gildan Activewear by 0.7% during the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker’s stock valued at $2,541,000 after acquiring an additional 392 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Gildan Activewear during the 3rd quarter valued at $229,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Gildan Activewear by 11.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,303 shares of the textile maker’s stock worth $269,000 after purchasing an additional 652 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Key Headlines Impacting Gildan Activewear

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

• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who bought Gildan shares from February 19, 2025, through June 15, 2026. The complaint alleges the company misled investors about distributor sales practices, including extended payment terms, free freight and large quarter-end purchases that allegedly inflated reported sales. These are allegations, not proven findings; the lead-plaintiff deadline is December 14, 2026. Article: GIL Shareholder Alert
• Negative Sentiment: The lawsuit-related publicity follows reports that GIL plunged about 18% after the channel-stuffing allegations came to light, increasing legal and reputational risk for the apparel maker. Article: GIL Stock Alert
• Negative Sentiment: Recent coverage also points to weak third-quarter results, while analyst actions include downgrades to Hold and a pessimistic price outlook. Together, earnings concerns and reduced analyst confidence may weigh on sentiment. Article: Gildan Cut to Hold at Canaccord Genuity

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GIL shares. Canaccord Genuity Group cut Gildan Activewear from a “buy” rating to a “hold” rating and decreased their price target for the stock from $62.00 to $41.00 in a research report on Friday. Scotia boosted their price target on Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, July 31st. TD Securities cut their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. William Blair set a $49.00 price objective on shares of Gildan Activewear in a research report on Friday. Finally, TD reduced their price objective on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.42.

Gildan Activewear Stock Performance

Shares of NYSE:GIL opened at $36.48 on Tuesday. Gildan Activewear, Inc. has a 1 year low of $31.33 and a 1 year high of $73.69. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 11.79 and a beta of 1.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.93 and a quick ratio of 1.01. The company’s 50 day simple moving average is $43.51 and its 200 day simple moving average is $55.02.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.62 billion. As a group, research analysts predict that Gildan Activewear, Inc. will post 4.63 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued a dividend of $0.2490 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. Gildan Activewear’s payout ratio is 89.29%.

Gildan Activewear Profile

Gildan Activewear Inc is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors.

The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.

Gildan sells its products across North America and in international markets, including Europe, Latin America and Asia-Pacific.