Mission Wealth Management LP Buys New Shares in Gildan Activewear, Inc. $GIL

Mission Wealth Management LP bought a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,373 shares of the textile maker’s stock, valued at approximately $585,000.

Several other large investors have also recently bought and sold shares of GIL. Vanguard Group Inc. increased its holdings in Gildan Activewear by 26.0% in the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after buying an additional 1,561,729 shares during the period. Lazard Asset Management LLC increased its holdings in Gildan Activewear by 95.2% in the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock valued at $161,749,000 after buying an additional 1,364,953 shares during the period. Hudson Way Capital Management LLC bought a new stake in Gildan Activewear in the 3rd quarter valued at $57,530,000. TD Waterhouse Canada Inc. increased its holdings in Gildan Activewear by 329.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock valued at $78,934,000 after buying an additional 971,746 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Gildan Activewear in the 4th quarter valued at $36,866,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Stock Up 4.4%

GIL opened at $57.09 on Thursday. The firm’s 50-day simple moving average is $57.72 and its 200-day simple moving average is $61.31. 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, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 33.58 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $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. Equities research analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GIL shares. Scotiabank lowered their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Stifel Nicolaus upped their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. TD Securities reaffirmed a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Tuesday, January 27th. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.77.

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.