Goodman Advisory Group LLC Takes Position in Gildan Activewear, Inc. $GIL

Goodman Advisory Group LLC purchased a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,976 shares of the textile maker’s stock, valued at approximately $2,392,000.

A number of other hedge funds also recently made changes to their positions in the stock. Webster Bank N. A. purchased a new position in shares of Gildan Activewear in the 4th quarter worth $25,000. Islay Capital Management LLC purchased a new stake in Gildan Activewear during the fourth quarter valued at about $25,000. Larson Financial Group LLC grew its position in Gildan Activewear by 3,516.7% during the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 422 shares during the period. Smartleaf Asset Management LLC grew 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 valued at $27,000 after acquiring an additional 343 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after acquiring an additional 445 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings downgraded Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Scotiabank reiterated a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday, June 17th. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.21.

Gildan Activewear Trading Down 1.1%

NYSE GIL opened at $52.90 on Friday. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 31.12 and a beta of 1.08. The company’s fifty day moving average price is $57.60 and its two-hundred day moving average price is $61.23.

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 for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm’s revenue for the quarter was up 63.8% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, research analysts predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is 58.82%.

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.