Gildan Activewear, Inc. $GIL Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lessened its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 60.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,708 shares of the textile maker’s stock after selling 19,307 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Gildan Activewear were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIL. Maseco LLP acquired a new position in Gildan Activewear in the second quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Gildan Activewear by 240.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 521 shares during the period. Assetmark Inc. grew its stake in Gildan Activewear by 5,200.0% during the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock worth $55,000 after buying an additional 1,092 shares during the last quarter. Finally, Blue Trust Inc. increased its position in 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 buying an additional 687 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GIL has been the subject of several research analyst reports. TD Securities reissued a “buy” rating and issued a $74.00 price objective on shares of Gildan Activewear in a report on Thursday, October 30th. UBS Group reiterated a “buy” rating and issued a $110.00 price target (up previously from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Citigroup downgraded shares of Gildan Activewear from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $60.00 to $63.00 in a research report on Monday, October 20th. Barclays reaffirmed an “overweight” rating and issued a $70.00 target price (up from $64.00) on shares of Gildan Activewear in a report on Thursday, October 30th. Finally, National Bankshares reissued an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.46.

Gildan Activewear Price Performance

Shares of NYSE:GIL opened at $62.88 on Monday. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $65.43. The company has a 50-day moving average price of $59.32 and a 200 day moving average price of $56.10. The company has a market cap of $11.64 billion, a P/E ratio of 20.09 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.94.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued 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. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The business 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 business posted $0.85 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Research analysts predict that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. Gildan Activewear’s dividend payout ratio is 28.75%.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.