Wellington Management Group LLP Boosts Stock Holdings in Gildan Activewear, Inc. $GIL

Wellington Management Group LLP boosted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,042 shares of the textile maker’s stock after acquiring an additional 2,285 shares during the period. Wellington Management Group LLP’s holdings in Gildan Activewear were worth $1,328,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Olde Wealth Management LLC purchased a new position in Gildan Activewear during the first quarter valued at $29,000. Versant Capital Management Inc grew its stake in Gildan Activewear by 510.7% during the first quarter. Versant Capital Management Inc now owns 745 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 623 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Gildan Activewear by 4,323.5% in the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker’s stock worth $33,000 after buying an additional 735 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Gildan Activewear by 69.3% in the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker’s stock worth $59,000 after buying an additional 547 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Gildan Activewear in the 4th quarter worth $114,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Gildan Activewear from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Scotiabank reissued an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Citigroup set a $60.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a research note on Thursday, August 14th. BMO Capital Markets reissued an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Gildan Activewear Trading Down 0.6%

Shares of GIL opened at $54.60 on Monday. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $57.76. The company has a 50-day moving average of $52.02 and a 200 day moving average of $48.64. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.75 and a beta of 1.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67.

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

Gildan Activewear Dividend Announcement

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

About Gildan Activewear

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.