Pinnbrook Capital Management LP Invests $5.93 Million in Gildan Activewear, Inc. $GIL

Pinnbrook Capital Management LP purchased a new position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 94,948 shares of the textile maker’s stock, valued at approximately $5,930,000. Pinnbrook Capital Management LP owned 0.05% of Gildan Activewear at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Washburn Capital Management Inc. lifted its stake in shares of Gildan Activewear by 3.8% in the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after acquiring an additional 157 shares during the period. Integrated Advisors Network LLC lifted its stake in shares of Gildan Activewear by 3.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock worth $368,000 after acquiring an additional 185 shares during the period. Cetera Investment Advisers lifted its stake in shares of Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after acquiring an additional 259 shares during the period. Tacita Capital Inc lifted its stake in shares of Gildan Activewear by 2.5% in the 3rd quarter. Tacita Capital Inc now owns 11,039 shares of the textile maker’s stock worth $638,000 after acquiring an additional 270 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Gildan Activewear by 0.8% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 33,603 shares of the textile maker’s stock worth $1,942,000 after acquiring an additional 281 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Up 1.7%

Gildan Activewear stock opened at $58.10 on Friday. The firm has a market cap of $10.76 billion, a PE ratio of 34.18 and a beta of 1.10. 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 firm’s 50 day moving average price is $57.64 and its two-hundred day moving average price is $61.31. Gildan Activewear, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.59 EPS. 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. On average, research analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be paid a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Gildan Activewear’s dividend payout ratio is 58.82%.

Wall Street Analyst Weigh In

GIL has been the subject of several recent research reports. Royal Bank Of Canada cut their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. BMO Capital Markets increased their target price on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Stifel Nicolaus increased their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, National Bank Financial increased their target price on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.77.

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.