US Bancorp DE Has $730,000 Holdings in Gildan Activewear, Inc. $GIL

US Bancorp DE raised its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,827 shares of the textile maker’s stock after buying an additional 1,098 shares during the quarter. US Bancorp DE’s holdings in Gildan Activewear were worth $730,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GIL. Maseco LLP acquired a new position in Gildan Activewear in the second quarter valued at approximately $26,000. Olde Wealth Management LLC bought a new stake in shares of Gildan Activewear during the first quarter valued at approximately $29,000. Twin Tree Management LP bought a new stake in shares of Gildan Activewear during the first quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in shares of Gildan Activewear by 4,323.5% during the first quarter. GAMMA Investing LLC now owns 752 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 735 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Gildan Activewear by 69.3% during the first quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 547 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th. Royal Bank Of Canada upped their price target on Gildan Activewear from $61.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Barclays upped their price objective on Gildan Activewear from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, CIBC upped their price objective on Gildan Activewear from $56.00 to $60.00 and gave the company an “outperformer” rating in a research note on Friday, August 1st. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.23.

Gildan Activewear Stock Performance

Shares of GIL opened at $60.70 on Friday. The stock’s 50-day simple moving average is $56.51 and its 200 day simple moving average is $50.63. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. Gildan Activewear, Inc. has a 52-week low of $37.16 and a 52-week high of $62.23.

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

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, August 21st. Gildan Activewear’s dividend payout ratio is currently 28.57%.

Gildan Activewear 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.