Aptus Capital Advisors LLC Buys 20,614 Shares of Gildan Activewear, Inc. $GIL

Aptus Capital Advisors LLC increased its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 15.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,289 shares of the textile maker’s stock after buying an additional 20,614 shares during the period. Aptus Capital Advisors LLC owned 0.10% of Gildan Activewear worth $9,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its stake in Gildan Activewear by 6.7% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 40,674 shares of the textile maker’s stock valued at $2,351,000 after purchasing an additional 2,564 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Gildan Activewear by 21.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,412,613 shares of the textile maker’s stock valued at $81,647,000 after buying an additional 246,193 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Gildan Activewear in the 3rd quarter valued at about $558,000. Segall Bryant & Hamill LLC boosted its position in Gildan Activewear by 7.0% during the third quarter. Segall Bryant & Hamill LLC now owns 507,568 shares of the textile maker’s stock worth $29,337,000 after purchasing an additional 32,996 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Gildan Activewear by 30.4% in the third quarter. Bahl & Gaynor Inc. now owns 1,457,591 shares of the textile maker’s stock valued at $84,249,000 after purchasing an additional 339,959 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Zacks Research downgraded shares of Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. UBS Group reiterated a “buy” rating and issued a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. BMO Capital Markets upped their price objective on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Royal Bank Of Canada cut their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, National Bank Financial raised their target price on shares of Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Thirteen 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.08.

Gildan Activewear Trading Down 5.0%

Shares of NYSE GIL opened at $62.53 on Friday. The stock has a fifty day simple moving average of $66.94 and a 200-day simple moving average of $61.12. Gildan Activewear, Inc. has a twelve month low of $37.16 and a twelve month high of $73.69. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $11.58 billion, a PE ratio of 23.87 and a beta of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results 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). Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The business’s revenue was up 31.1% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be given a $0.249 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is 34.35%.

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.