Gabelli Funds LLC Acquires Shares of 17,254 Gildan Activewear, Inc. $GIL

Gabelli Funds LLC acquired a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, HoldingsChannel reports. The firm acquired 17,254 shares of the textile maker’s stock, valued at approximately $1,078,000.

Other large investors have also bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new position in Gildan Activewear during the 3rd quarter valued at $2,082,000. Wedge Capital Management L L P NC bought a new stake in shares of Gildan Activewear during the 4th quarter worth $36,866,000. Envestnet Asset Management Inc. raised its stake in shares of Gildan Activewear by 9.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after purchasing an additional 39,072 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Gildan Activewear by 257.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 49,176 shares of the textile maker’s stock worth $2,842,000 after purchasing an additional 35,436 shares during the period. Finally, Intact Investment Management Inc. raised its stake in shares of Gildan Activewear by 1.7% during the 3rd quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock worth $66,661,000 after purchasing an additional 19,196 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Trading Down 0.1%

Shares of Gildan Activewear stock opened at $58.11 on Friday. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The stock’s 50-day simple moving average is $57.57 and its 200 day simple moving average is $61.29. The stock has a market capitalization of $10.76 billion, a P/E ratio of 34.18 and a beta of 1.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35.

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

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is currently 58.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GIL shares. National Bank Financial lifted 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. Scotiabank lowered their target price on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 4th. Stifel Nicolaus lifted their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. BMO Capital Markets lifted their target price on Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada lowered their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.77.

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.