Assetmark Inc. Purchases 12,545 Shares of Gildan Activewear, Inc. $GIL

Assetmark Inc. boosted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 20.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 72,683 shares of the textile maker’s stock after purchasing an additional 12,545 shares during the quarter. Assetmark Inc.’s holdings in Gildan Activewear were worth $4,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Washburn Capital Management Inc. increased its position in shares of Gildan Activewear by 3.8% during the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after acquiring an additional 157 shares in the last quarter. Fifth Third Bancorp lifted its position in Gildan Activewear by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after acquiring an additional 192 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Gildan Activewear by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock valued at $549,000 after acquiring an additional 193 shares in the last quarter. Tacita Capital Inc boosted its stake in Gildan Activewear by 1.9% during the 4th quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock valued at $704,000 after purchasing an additional 211 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after purchasing an additional 259 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL opened at $53.34 on Thursday. The firm has a market capitalization of $9.88 billion, a P/E ratio of 31.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The business has a fifty day moving average of $55.19 and a 200 day moving average of $60.01.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.Gildan Activewear’s revenue was up 63.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, sell-side analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s payout ratio is 58.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Stifel Nicolaus set a $80.00 price target on Gildan Activewear and gave the company a “buy” rating in a report on Monday. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Friday, July 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.21.

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.