2,416,076 Shares in Gildan Activewear, Inc. $GIL Acquired by Norges Bank

Norges Bank purchased a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,416,076 shares of the textile maker’s stock, valued at approximately $151,018,000.

A number of other large investors have also recently modified their holdings of the business. Washburn Capital Management Inc. boosted its holdings in shares of Gildan Activewear by 3.8% in the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after purchasing an additional 157 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of Gildan Activewear by 3.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker’s stock valued at $368,000 after purchasing an additional 185 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after purchasing an additional 259 shares in the last quarter. Tacita Capital Inc boosted its holdings in shares of Gildan Activewear by 2.5% in the 3rd quarter. Tacita Capital Inc now owns 11,039 shares of the textile maker’s stock valued at $638,000 after purchasing an additional 270 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Gildan Activewear by 0.8% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 33,603 shares of the textile maker’s stock valued at $1,942,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Wall Street Analysts Forecast Growth

GIL has been the topic of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a report on Wednesday. Royal Bank Of Canada reduced their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Stifel Nicolaus raised their target price on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Scotiabank reduced their target price on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Twelve 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, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus price target of $79.77.

Gildan Activewear Stock Down 0.2%

Shares of NYSE:GIL opened at $58.27 on Thursday. The firm has a market cap of $10.79 billion, a P/E ratio of 34.27 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69. The business has a fifty day simple moving average of $57.83 and a 200 day simple moving average of $61.47.

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

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 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.