Cannell & Spears LLC Has $69.03 Million Stake in Gildan Activewear, Inc. $GIL

Cannell & Spears LLC lifted its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 4.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,241,531 shares of the textile maker’s stock after buying an additional 55,602 shares during the quarter. Gildan Activewear accounts for about 1.4% of Cannell & Spears LLC’s investment portfolio, making the stock its 17th biggest holding. Cannell & Spears LLC’s holdings in Gildan Activewear were worth $69,027,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Islay Capital Management LLC bought a new stake in Gildan Activewear in the fourth quarter worth approximately $25,000. Webster Bank N. A. bought a new position in shares of Gildan Activewear during the 4th quarter valued at $25,000. Larson Financial Group LLC lifted its stake in shares of Gildan Activewear by 3,516.7% in the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 422 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Gildan Activewear by 14,833.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 445 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Gildan Activewear during the fourth quarter worth $32,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Friday, May 1st. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.21.

Gildan Activewear Stock Performance

NYSE:GIL opened at $49.98 on Friday. The firm’s 50-day moving average is $54.91 and its 200-day moving average is $59.85. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 29.40 and a beta of 1.11.

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

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 2.0%. Gildan Activewear’s dividend payout ratio is 58.82%.

About Gildan Activewear

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.