56,970 Shares in Gildan Activewear, Inc. $GIL Bought by PCJ Investment Counsel Ltd.

Key Points

• PCJ Investment Counsel bought 56,970 shares of Gildan Activewear (~$3.29M) in the 3rd quarter, and institutional investors now own about 82.83% of the company.
• Gildan reported a quarterly EPS miss ($0.96 vs. $1.31) but revenue rose 31.1% to $1.08B and the company set FY2026 guidance of 4.20–4.40 EPS, while analysts rate the stock a “Moderate Buy” with an average target of $80.08.
• Gildan increased its quarterly dividend to $0.249 ($1.00 annualized, ~1.6% yield), with an ex-dividend date of March 19 and payment on April 13.

PCJ Investment Counsel Ltd. acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 56,970 shares of the textile maker's stock, valued at approximately $3,292,000.

Several other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Gildan Activewear by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker's stock valued at $584,000 after purchasing an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Gildan Activewear by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker's stock valued at $77,838,000 after buying an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Gildan Activewear by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker's stock worth $8,251,000 after buying an additional 4,714 shares during the last quarter. Assetmark Inc. grew its stake in shares of Gildan Activewear by 5,200.0% during the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker's stock worth $55,000 after buying an additional 1,092 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Gildan Activewear by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 254,002 shares of the textile maker's stock valued at $12,507,000 after acquiring an additional 6,591 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company's stock.

Gildan Activewear Trading Up 0.9%

Shares of GIL stock opened at $62.19 on Wednesday. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $73.69. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05. The stock has a 50-day moving average of $66.90 and a 200-day moving average of $61.29.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.35). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.Gildan Activewear's revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities research analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.23. The ex-dividend date is Thursday, March 19th. Gildan Activewear's dividend payout ratio is currently 34.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GIL shares. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $79.00 price objective on shares of Gildan Activewear in a research report on Friday, February 20th. Zacks Research downgraded Gildan Activewear from a "hold" rating to a "strong sell" rating in a research report on Monday, February 23rd. Stifel Nicolaus lifted their price target on Gildan Activewear from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. UBS Group reaffirmed a "buy" rating and issued a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research note on Tuesday, December 16th. Finally, National Bank Financial boosted their target price on shares of Gildan Activewear from $92.00 to $97.00 and gave the stock an "outperform" rating in a report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $80.08.

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.

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