Cooke & Bieler LP Trims Stock Position in Gildan Activewear, Inc. $GIL

Cooke & Bieler LP trimmed its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,280,276 shares of the textile maker’s stock after selling 51,301 shares during the period. Gildan Activewear comprises about 4.3% of Cooke & Bieler LP’s investment portfolio, making the stock its largest holding. Cooke & Bieler LP owned about 4.88% of Gildan Activewear worth $420,800,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GIL. Smartleaf Asset Management LLC grew its position 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 period. Farther Finance Advisors LLC lifted its stake in Gildan Activewear by 240.1% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock valued at $43,000 after buying an additional 521 shares in the last quarter. Assetmark Inc. lifted its stake in Gildan Activewear by 5,200.0% in the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after buying an additional 1,092 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Gildan Activewear by 51.4% in the second quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock valued at $100,000 after buying an additional 687 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Gildan Activewear by 82.3% during the third quarter. Versant Capital Management Inc now owns 2,850 shares of the textile maker’s stock worth $165,000 after acquiring an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

Shares of GIL opened at $66.92 on Monday. The company has a market cap of $12.39 billion, a PE ratio of 21.38 and a beta of 1.11. The firm has a 50-day moving average of $61.10 and a 200-day moving average of $57.68. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $67.96. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88.

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, beating the consensus estimate of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $925.24 million. During the same period last year, the business posted $0.85 EPS. Gildan Activewear’s revenue was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, equities analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced 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. This represents a $0.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, November 19th. Gildan Activewear’s payout ratio is currently 28.75%.

Analyst Ratings Changes

A number of equities research analysts recently commented on GIL shares. Weiss Ratings restated a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. Desjardins lifted their price target on Gildan Activewear from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Scotiabank set a $66.00 price target on Gildan Activewear and gave the company an “outperform” rating in a report on Thursday, October 30th. TD Securities reiterated a “buy” rating and set a $74.00 price objective on shares of Gildan Activewear in a report on Thursday, October 30th. Finally, TD Cowen lifted their target price on Gildan Activewear from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.46.

Gildan Activewear Profile

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.