Aviso Financial Inc. Raises Stock Position in Gildan Activewear, Inc. $GIL

Aviso Financial Inc. grew its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 40.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,051 shares of the textile maker’s stock after purchasing an additional 12,874 shares during the quarter. Aviso Financial Inc.’s holdings in Gildan Activewear were worth $2,219,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in Gildan Activewear by 67.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,959,555 shares of the textile maker’s stock valued at $131,556,000 after buying an additional 1,189,921 shares during the period. Mackenzie Financial Corp increased its position in shares of Gildan Activewear by 2.1% during the first quarter. Mackenzie Financial Corp now owns 2,738,691 shares of the textile maker’s stock worth $121,073,000 after acquiring an additional 56,400 shares during the period. Cardinal Capital Management Inc. raised its stake in shares of Gildan Activewear by 0.5% in the second quarter. Cardinal Capital Management Inc. now owns 2,728,046 shares of the textile maker’s stock valued at $134,378,000 after acquiring an additional 14,065 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Gildan Activewear by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after purchasing an additional 503,359 shares during the period. Finally, Alberta Investment Management Corp boosted its holdings in Gildan Activewear by 28.7% in the first quarter. Alberta Investment Management Corp now owns 1,589,001 shares of the textile maker’s stock valued at $70,240,000 after purchasing an additional 354,201 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Securities reaffirmed a “buy” rating and issued a $74.00 price target on shares of Gildan Activewear in a research report on Thursday, October 30th. Stifel Nicolaus set a $75.00 target price on shares of Gildan Activewear and gave the stock a “buy” rating in a research note on Friday, September 19th. CIBC lifted their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a research note on Friday, August 1st. Cfra Research upgraded shares of Gildan Activewear to a “hold” rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada increased their price objective on shares of Gildan Activewear from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

Gildan Activewear Trading Up 0.5%

Shares of Gildan Activewear stock opened at $56.94 on Tuesday. The company has a fifty day simple moving average of $58.31 and a 200-day simple moving average of $53.59. 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. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.93 and a beta of 1.22.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Wednesday, October 29th. The textile maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.90%. The firm had revenue of $910.60 million for the quarter, compared to analyst estimates of $925.24 million. During the same period last year, the business earned $0.85 EPS. Gildan Activewear’s revenue for the quarter 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, equities analysts forecast that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

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

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.