JPMorgan Chase & Co. Has $35.59 Million Position in Gildan Activewear, Inc. $GIL

JPMorgan Chase & Co. boosted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 615,792 shares of the textile maker’s stock after acquiring an additional 21,078 shares during the period. JPMorgan Chase & Co. owned 0.33% of Gildan Activewear worth $35,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in shares of Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares during the period. Brown Brothers Harriman & Co. lifted its position in Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares during the period. CIBC Private Wealth Group LLC lifted its position in Gildan Activewear by 169.0% during the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after purchasing an additional 338 shares during the period. Advisory Services Network LLC acquired a new stake in Gildan Activewear during the third quarter worth about $36,000. Finally, Farther Finance Advisors LLC grew its stake in Gildan Activewear by 240.1% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock worth $43,000 after buying an additional 521 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $56.02 on Monday. The business has a 50 day moving average of $66.15 and a 200-day moving average of $61.53. The company has a market capitalization of $10.37 billion, a P/E ratio of 21.38 and a beta of 1.05. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $73.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.11 and a quick ratio of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued 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 business had revenue of $1.08 billion during 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 business’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 firm earned $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities research analysts predict 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. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Gildan Activewear’s dividend payout ratio is presently 37.79%.

Analyst Upgrades and Downgrades

GIL has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $79.00 price target on shares of Gildan Activewear in a research report on Friday, February 20th. Scotiabank boosted their price objective on shares of Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research report on Monday, March 2nd. National Bank Financial upped their target price on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, TD Securities reaffirmed a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Tuesday, January 27th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.