Mufg Securities Canada LTD. Has $17.63 Million Position in Gildan Activewear, Inc. $GIL

Mufg Securities Canada LTD. increased its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,928 shares of the textile maker’s stock after buying an additional 34,952 shares during the quarter. Mufg Securities Canada LTD. owned about 0.15% of Gildan Activewear worth $17,626,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Webster Bank N. A. acquired a new stake in Gildan Activewear during the fourth quarter worth approximately $25,000. Larson Financial Group LLC grew its position in Gildan Activewear by 3,516.7% during the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after buying an additional 422 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Gildan Activewear during the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew its position in Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after buying an additional 460 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Gildan Activewear during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.1%

Shares of NYSE GIL opened at $60.86 on Monday. 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 $11.27 billion, a price-to-earnings ratio of 35.80 and a beta of 1.08. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The stock has a 50-day moving average price of $58.21 and a two-hundred day moving average price of $61.55.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The business’s quarterly revenue was up 63.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.249 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is 58.82%.

Wall Street Analysts Forecast Growth

GIL has been the topic of a number of analyst reports. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Scotiabank reduced their target price on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.77.

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.