Achmea Investment Management B.V. Trims Stock Holdings in Gildan Activewear, Inc. $GIL

Achmea Investment Management B.V. lessened its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 18.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,394 shares of the textile maker’s stock after selling 14,502 shares during the quarter. Achmea Investment Management B.V.’s holdings in Gildan Activewear were worth $3,118,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Maseco LLP acquired a new position in Gildan Activewear in the 2nd quarter worth approximately $26,000. Twin Tree Management LP purchased a new stake in shares of Gildan Activewear in the 1st quarter valued at $29,000. Assetmark Inc. increased its stake in shares of Gildan Activewear by 5,200.0% in the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,092 shares during the period. Blue Trust Inc. raised its holdings in shares of Gildan Activewear by 51.4% during the second quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock worth $100,000 after purchasing an additional 687 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Gildan Activewear during the first quarter valued at $129,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Price Performance

NYSE:GIL opened at $55.40 on Friday. The firm has a market cap of $8.26 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The stock has a 50 day moving average of $57.79 and a two-hundred day moving average of $52.55. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $62.56. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. Gildan Activewear had a return on equity of 35.90% and a net margin of 14.13%.The firm had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, analysts expect that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is presently 28.75%.

Analyst Ratings Changes

Several brokerages have weighed in on GIL. CIBC increased their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a research report on Friday, August 1st. Barclays reiterated an “overweight” rating and set a $70.00 price target (up from $64.00) on shares of Gildan Activewear in a research report on Thursday, October 30th. Royal Bank Of Canada upped their price objective on Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. National Bankshares reaffirmed an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Finally, TD Securities reiterated a “buy” rating and issued a $74.00 target price on shares of Gildan Activewear in a research note on Thursday, October 30th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.15.

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.