Cardinal Capital Management Inc. Trims Stock Position in Gildan Activewear, Inc. $GIL

Cardinal Capital Management Inc. cut its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,543,896 shares of the textile maker’s stock after selling 162,670 shares during the period. Gildan Activewear makes up 0.0% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Cardinal Capital Management Inc. owned 1.37% of Gildan Activewear worth $158,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new stake in shares of Gildan Activewear in the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of Gildan Activewear by 867.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after acquiring an additional 460 shares in the last quarter. Maseco LLP purchased a new stake in shares of Gildan Activewear during the 4th quarter worth approximately $33,000. CIBC Private Wealth Group LLC boosted its stake in shares of Gildan Activewear by 169.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after acquiring an additional 338 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after acquiring an additional 343 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GIL has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $79.00 target price on shares of Gildan Activewear in a report on Friday, February 20th. TD Securities reissued a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Tuesday, January 27th. BMO Capital Markets upped their target price on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.08.

Gildan Activewear Trading Down 0.4%

Shares of Gildan Activewear stock opened at $57.36 on Friday. 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, Inc. has a 1 year low of $39.38 and a 1 year high of $73.69. The company has a market capitalization of $10.62 billion, a P/E ratio of 21.89 and a beta of 1.13. The business has a 50 day moving average price of $63.62 and a 200 day moving average price of $61.52.

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 (EPS) 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The firm’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. Sell-side analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently declared 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 of this dividend is Thursday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is 37.79%.

Gildan Activewear Company 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.