Boston Partners Boosts Stock Position in Gildan Activewear, Inc. $GIL

Boston Partners increased its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 125.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 489,294 shares of the textile maker’s stock after acquiring an additional 272,084 shares during the quarter. Boston Partners owned approximately 0.33% of Gildan Activewear worth $24,095,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIL. PNC Financial Services Group Inc. raised its holdings in Gildan Activewear by 173.6% in the first quarter. PNC Financial Services Group Inc. now owns 12,259 shares of the textile maker’s stock valued at $542,000 after acquiring an additional 7,778 shares in the last quarter. Aigen Investment Management LP grew its holdings in Gildan Activewear by 243.7% during the 1st quarter. Aigen Investment Management LP now owns 26,356 shares of the textile maker’s stock worth $1,165,000 after acquiring an additional 18,688 shares in the last quarter. Invesco Ltd. increased its position in shares of Gildan Activewear by 12.2% in the 1st quarter. Invesco Ltd. now owns 137,553 shares of the textile maker’s stock worth $6,083,000 after purchasing an additional 14,939 shares during the last quarter. Forge First Asset Management Inc. increased its position in shares of Gildan Activewear by 713.7% in the 1st quarter. Forge First Asset Management Inc. now owns 379,200 shares of the textile maker’s stock worth $16,781,000 after purchasing an additional 332,600 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its stake in shares of Gildan Activewear by 60.3% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 83,018 shares of the textile maker’s stock valued at $3,672,000 after purchasing an additional 31,245 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on GIL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gildan Activewear in a report on Monday, November 17th. Zacks Research raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. TD Securities restated a “buy” rating and issued a $74.00 target price on shares of Gildan Activewear in a research note on Thursday, October 30th. Citigroup cut Gildan Activewear from a “buy” rating to a “neutral” rating and increased their price target for the stock from $60.00 to $63.00 in a research report on Monday, October 20th. Finally, UBS Group set a $80.00 price target on Gildan Activewear and gave the stock a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average target price of $72.15.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $57.34 on Friday. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week 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 $8.55 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company’s 50-day moving average price is $58.51 and its two-hundred day moving average price is $53.78.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $910.60 million for the quarter, compared to analyst estimates of $925.24 million. Gildan Activewear had a return on equity of 35.90% and a net margin of 14.13%.Gildan Activewear’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, sell-side analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

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

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.