34,461 Gildan Activewear, Inc. $GIL Shares Acquired by Bahl & Gaynor LLC

Bahl & Gaynor LLC raised its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,762,100 shares of the textile maker’s stock after acquiring an additional 34,461 shares during the period. Bahl & Gaynor LLC’s holdings in Gildan Activewear were worth $75,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in Gildan Activewear during the second quarter valued at $65,193,000. VELA Investment Management LLC lifted its position in Gildan Activewear by 42.5% during the second quarter. VELA Investment Management LLC now owns 107,941 shares of the textile maker’s stock valued at $5,570,000 after purchasing an additional 32,171 shares during the last quarter. Nykredit A S bought a new position in Gildan Activewear during the second quarter valued at $2,389,000. Bank of New York Mellon Corp purchased a new position in shares of Gildan Activewear in the 2nd quarter worth $11,651,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Gildan Activewear in the 2nd quarter worth $234,764,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Performance

NYSE:GIL opened at $35.67 on Wednesday. The stock’s fifty day moving average is $43.18 and its 200 day moving average is $54.86. Gildan Activewear, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $73.69. The firm has a market capitalization of $6.61 billion, a PE ratio of 8.67 and a beta of 1.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.22 and a current ratio of 2.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. On average, sell-side analysts anticipate that Gildan Activewear, Inc. will post 4.37 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.2490 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. Gildan Activewear’s dividend payout ratio is currently 89.29%.

More Gildan Activewear News

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

• Positive Sentiment: A shareholder alert notes that Gildan reported rising sales and reaffirmed its 2026 outlook, which may offer some counterbalance to the litigation concerns. Article
• Negative Sentiment: The lawsuit alleges Gildan misled investors from February 19, 2025, through June 15, 2026, including through channel stuffing, pulled-forward revenue and allegedly overstated organic growth. These claims have not been proven. Investors have until December 14, 2026, to seek lead-plaintiff status. Article
• Negative Sentiment: Legal alerts link the allegations and disappointing third-quarter results to a reported share-price drop of about 18%. The litigation and scrutiny of Gildan’s sales practices may continue to weigh on sentiment. Article

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GIL shares. Weiss Ratings restated a “hold (c)” rating on shares of Gildan Activewear in a report on Thursday, August 13th. Scotiabank cut shares of Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $53.00 to $39.00 in a research report on Friday, November 6th. Scotia increased their price target on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, July 31st. William Blair set a $49.00 price target on Gildan Activewear in a research report on Friday. Finally, Canaccord Genuity Group lowered Gildan Activewear from a “buy” rating to a “hold” rating and dropped their price target for the stock from $62.00 to $41.00 in a research report on Friday, November 6th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.42.

Gildan Activewear Company 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.