Gildan Activewear, Inc. $GIL Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd grew its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 1,307.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,168 shares of the textile maker’s stock after acquiring an additional 302,068 shares during the quarter. Gildan Activewear comprises approximately 1.4% of Cumberland Partners Ltd’s portfolio, making the stock its 25th biggest holding. Cumberland Partners Ltd’s holdings in Gildan Activewear were worth $18,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. purchased a new stake in shares of Gildan Activewear during the fourth quarter worth about $25,000. Islay Capital Management LLC purchased a new position in shares of Gildan Activewear during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC boosted 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 worth $27,000 after acquiring an additional 422 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 worth $27,000 after acquiring an additional 343 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in 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 worth $28,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in 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. Scotiabank reaffirmed a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 price objective on shares of Gildan Activewear in a report on Friday, May 1st. Finally, UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and an average target price of $78.21.

Gildan Activewear Stock Up 0.8%

Shares of Gildan Activewear stock opened at $49.98 on Friday. Gildan Activewear, Inc. has a twelve month low of $46.00 and a twelve month high of $73.69. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 29.40 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average price of $54.91 and a 200 day moving average price of $59.85.

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

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Gildan Activewear 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.