Citigroup Inc. Acquires 61,184 Shares of Gildan Activewear, Inc. $GIL

Citigroup Inc. boosted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 327.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,889 shares of the textile maker’s stock after buying an additional 61,184 shares during the quarter. Citigroup Inc. owned approximately 0.05% of Gildan Activewear worth $4,616,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Gildan Activewear by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,005,233 shares of the textile maker’s stock worth $346,928,000 after acquiring an additional 32,917 shares during the last quarter. Mackenzie Financial Corp boosted its position in Gildan Activewear by 61.9% during the second quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock worth $218,622,000 after purchasing an additional 1,695,329 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Gildan Activewear by 24.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker’s stock valued at $180,305,000 after purchasing an additional 718,896 shares during the last quarter. Norges Bank bought a new position in shares of Gildan Activewear in the second quarter valued at about $101,409,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after buying an additional 503,359 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

GIL opened at $66.87 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. Gildan Activewear, Inc. has a 52-week low of $37.16 and a 52-week high of $73.69. The firm has a market cap of $12.38 billion, a P/E ratio of 25.52 and a beta of 1.05. The business’s fifty day moving average is $66.82 and its 200-day moving average is $61.00.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.35). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.01 billion. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Sell-side analysts expect that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.249 per share. The ex-dividend date is Thursday, March 19th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.5%. Gildan Activewear’s dividend payout ratio is currently 34.35%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Securities reiterated a “buy” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Tuesday, January 27th. Royal Bank Of Canada decreased their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday. Zacks Research cut Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Scotiabank boosted their price target on Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, UBS Group reiterated a “buy” rating and set a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.08.

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.