Gildan Activewear, Inc. $GIL Stock Holdings Cut by New South Capital Management Inc.

New South Capital Management Inc. decreased its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,980 shares of the textile maker’s stock after selling 270,414 shares during the period. Gildan Activewear comprises about 1.2% of New South Capital Management Inc.’s holdings, making the stock its 25th largest holding. New South Capital Management Inc.’s holdings in Gildan Activewear were worth $17,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec acquired a new stake in Gildan Activewear in the second quarter valued at approximately $601,931,000. Jupiter Topco LLC bought a new stake in shares of Gildan Activewear during the second quarter worth $573,363,000. Janus Henderson Group PLC increased its holdings in shares of Gildan Activewear by 0.9% during the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock worth $589,508,000 after buying an additional 98,134 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Gildan Activewear by 20.9% during the first quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after buying an additional 1,193,718 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Gildan Activewear by 15.7% during the first quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock worth $373,122,000 after buying an additional 909,001 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.3%

Shares of NYSE GIL opened at $35.78 on Thursday. The company has a 50 day simple moving average of $42.89 and a 200 day simple moving average of $54.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.32 and a quick ratio of 1.22. Gildan Activewear, Inc. has a 1 year low of $31.33 and a 1 year high of $73.69. The firm has a market cap of $6.63 billion, a PE ratio of 8.48 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.62 billion. On average, research analysts forecast that Gildan Activewear, Inc. will post 4.24 EPS for the current 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 paid a dividend of $0.2490 per share. 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 (DPR) is presently 89.29%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GIL. Weiss Ratings reiterated a “hold (c)” rating on shares of Gildan Activewear in a research note on Wednesday. Royal Bank Of Canada reduced their price objective on Gildan Activewear from $70.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, November 6th. TD Securities reduced their price objective on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Zacks Research cut Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Citigroup reiterated a “neutral” rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average target price of $57.42.

Gildan Activewear News Roundup

Here’s some of the latest news about GIL:

• Positive Sentiment: CEO Glenn Chamandy was reported to be buying Gildan shares, which may be viewed as a sign of insider confidence. Article: Glenn Chamandy buying at Gildan Activewear
• Neutral Sentiment: A shareholder-alert report says Gildan reported rising sales and reaffirmed its 2026 outlook, but those points have not displaced investor concerns about the allegations and recent results. Article: GIL Shareholder Alert
• Negative Sentiment: Zacks Research cut its rating on Gildan from “Hold” to “Strong Sell,” adding to the bearish tone. The supplied performance data also notes that the latest quarter missed consensus on both earnings and revenue. Article: Zacks Research rating

About Gildan Activewear

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.