Gildan Activewear, Inc. $GIL Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,153,759 shares of the textile maker’s stock after buying an additional 19,196 shares during the period. Gildan Activewear accounts for approximately 2.0% of Intact Investment Management Inc.’s holdings, making the stock its 11th biggest position. Intact Investment Management Inc. owned 0.77% of Gildan Activewear worth $66,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIL. JCIC Asset Management Inc. acquired a new stake in shares of Gildan Activewear during the 3rd quarter worth approximately $6,920,000. Northwest & Ethical Investments L.P. boosted its position in Gildan Activewear by 11.8% during the 2nd quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock valued at $4,561,000 after purchasing an additional 9,774 shares during the period. Oakcliff Capital Partners LP grew its stake in Gildan Activewear by 11.4% during the 2nd quarter. Oakcliff Capital Partners LP now owns 681,689 shares of the textile maker’s stock worth $33,566,000 after buying an additional 70,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Gildan Activewear by 4.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,207 shares of the textile maker’s stock valued at $552,000 after buying an additional 493 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in Gildan Activewear by 14.0% in the second quarter. Bank of Nova Scotia now owns 528,681 shares of the textile maker’s stock valued at $26,043,000 after buying an additional 65,090 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

NYSE GIL opened at $66.92 on Monday. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $67.96. The company has a fifty day simple moving average of $61.10 and a 200 day simple moving average of $57.68. The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94. The company has a market cap of $12.39 billion, a P/E ratio of 21.38 and a beta of 1.11.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The firm had revenue of $910.60 million during the quarter, compared to analyst estimates of $925.24 million. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, sell-side analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 19th were paid a dividend of $0.226 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 annualized dividend and a yield of 1.4%. Gildan Activewear’s dividend payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GIL. UBS Group reiterated a “buy” rating and issued a $110.00 target price (up previously from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Desjardins raised their price objective on Gildan Activewear from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Scotiabank set a $66.00 price target on shares of Gildan Activewear and gave the company an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. Finally, Citigroup cut shares of Gildan Activewear from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $60.00 to $63.00 in a report on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.46.

Gildan Activewear 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.