Amundi Sells 26,965 Shares of Gildan Activewear, Inc. $GIL

Amundi reduced its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,376 shares of the textile maker’s stock after selling 26,965 shares during the period. Amundi owned 0.08% of Gildan Activewear worth $5,281,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of Gildan Activewear by 37.6% in the fourth 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 period. BNP Paribas Financial Markets bought a new position in shares of Gildan Activewear in the fourth quarter worth about $1,849,000. Baird Financial Group Inc. bought a new position in shares of Gildan Activewear in the fourth quarter worth about $234,000. Deutsche Bank AG increased its stake in shares of Gildan Activewear by 5.2% in the fourth quarter. Deutsche Bank AG now owns 221,436 shares of the textile maker’s stock worth $10,419,000 after purchasing an additional 10,889 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Gildan Activewear by 42.3% in the fourth quarter. Gotham Asset Management LLC now owns 18,532 shares of the textile maker’s stock worth $872,000 after purchasing an additional 5,513 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GIL. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Citigroup set a $60.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a research note on Thursday, August 14th. Stifel Nicolaus lifted their price objective on Gildan Activewear from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Cfra Research raised Gildan Activewear to a “hold” rating in a research report on Monday, August 4th. Finally, Scotiabank reissued an “outperform” rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.58.

Gildan Activewear Stock Down 1.2%

NYSE GIL opened at $54.24 on Thursday. 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’s 50 day moving average is $52.98 and its two-hundred day moving average is $48.79. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.76 and a beta of 1.17. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $57.76.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released 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. The company had revenue of $918.50 million for the quarter, compared to the consensus estimate of $908.41 million. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. Equities analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The firm 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. This represents a $0.90 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, August 21st. Gildan Activewear’s payout ratio is presently 28.57%.

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.