HighTower Advisors LLC Has $653,000 Stock Holdings in Gildan Activewear, Inc. $GIL

HighTower Advisors LLC increased its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 12.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,766 shares of the textile maker’s stock after purchasing an additional 1,650 shares during the period. HighTower Advisors LLC’s holdings in Gildan Activewear were worth $653,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GIL. First Trust Advisors LP acquired a new position in shares of Gildan Activewear during the 4th quarter worth about $4,287,000. Dimensional Fund Advisors LP lifted its position in shares of Gildan Activewear by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,173,129 shares of the textile maker’s stock worth $55,191,000 after purchasing an additional 7,345 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Gildan Activewear by 3.2% during the 4th quarter. MML Investors Services LLC now owns 24,661 shares of the textile maker’s stock worth $1,160,000 after purchasing an additional 757 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Gildan Activewear during the 4th quarter worth about $114,000. Finally, Northern Trust Corp lifted its position in shares of Gildan Activewear by 37.6% during the 4th quarter. Northern Trust Corp now owns 163,120 shares of the textile maker’s stock worth $7,675,000 after purchasing an additional 44,597 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Trading Down 0.6%

Shares of GIL opened at $54.60 on Friday. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $57.76. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of $52.02 and a 200-day simple moving average of $48.67. The stock has a market cap of $8.15 billion, a PE ratio of 17.33, a PEG ratio of 1.76 and a beta of 1.17.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The business had revenue of $918.50 million during the quarter, compared to analysts’ expectations of $908.41 million. During the same period in the prior year, the firm posted $0.74 EPS. Gildan Activewear’s quarterly revenue was up 6.5% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. On average, sell-side analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 21st will be issued a $0.226 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.7%. Gildan Activewear’s dividend payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

GIL has been the subject of several research analyst reports. Cfra Research raised Gildan Activewear to a “hold” rating in a research report on Monday, August 4th. Stifel Nicolaus raised their price objective on Gildan Activewear from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Scotiabank reiterated an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, August 14th. UBS Group raised their price objective on Gildan Activewear from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Barclays raised their price objective on Gildan Activewear from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.