Addenda Capital Inc. Sells 21,255 Shares of Gildan Activewear, Inc. $GIL

Addenda Capital Inc. decreased its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 191,983 shares of the textile maker’s stock after selling 21,255 shares during the quarter. Addenda Capital Inc. owned about 0.10% of Gildan Activewear worth $11,991,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of Gildan Activewear during the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. boosted 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 boosted 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. Smartleaf Asset Management LLC boosted its position in Gildan Activewear by 161.8% during 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. Finally, Advisory Services Network LLC bought a new stake in Gildan Activewear during the third quarter worth approximately $36,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Up 6.4%

Shares of GIL stock opened at $57.55 on Thursday. The stock has a fifty day moving average price of $63.80 and a 200 day moving average price of $61.55. The stock has a market cap of $10.66 billion, a P/E ratio of 21.97 and a beta of 1.13. Gildan Activewear, Inc. has a one year low of $37.16 and a one 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 released its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The business had revenue of $1.08 billion for 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%.Gildan Activewear’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts predict that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Increases Dividend

The firm 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. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, March 19th. Gildan Activewear’s dividend payout ratio is 38.17%.

Analyst Upgrades and Downgrades

Several analysts recently 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. Stifel Nicolaus upped their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Scotiabank upped their price target on shares of Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $79.00 price target on shares of Gildan Activewear in a report on Friday, February 20th. Finally, TD Securities restated a “buy” rating and set a $77.00 target price on shares of Gildan Activewear in a research note on Tuesday, January 27th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.08.

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.