Legal & General Group Plc Grows Stock Holdings in Gildan Activewear, Inc. $GIL

Legal & General Group Plc increased its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 930,882 shares of the textile maker’s stock after buying an additional 103,856 shares during the quarter. Legal & General Group Plc’s holdings in Gildan Activewear were worth $58,260,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Genus Capital Management Inc. lifted its position in Gildan Activewear by 63.6% in the fourth quarter. Genus Capital Management Inc. now owns 165,278 shares of the textile maker’s stock valued at $10,344,000 after purchasing an additional 64,235 shares during the period. MQS Management LLC acquired a new stake in Gildan Activewear in the fourth quarter valued at about $280,000. EverSource Wealth Advisors LLC lifted its position in Gildan Activewear by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,954 shares of the textile maker’s stock valued at $185,000 after purchasing an additional 591 shares during the period. Cumberland Partners Ltd lifted its position in Gildan Activewear by 230.0% in the fourth quarter. Cumberland Partners Ltd now owns 23,100 shares of the textile maker’s stock valued at $1,445,000 after purchasing an additional 16,100 shares during the period. Finally, Pinnbrook Capital Management LP acquired a new stake in Gildan Activewear in the fourth quarter valued at about $5,930,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

GIL stock opened at $60.98 on Friday. The firm has a 50 day moving average of $57.71 and a 200-day moving average of $61.40. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 35.87 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly 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 the consensus estimate of $1.14 billion. During the same period last year, the firm earned $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. As a group, equities analysts expect 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 given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GIL shares. Scotiabank reduced their price objective on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Royal Bank Of Canada reduced their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. National Bank Financial raised their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.