Gildan Activewear, Inc. $GIL Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Gildan Activewear, acquiring a total of 172,305 shares worth approximately $7.62 million, representing a 5.1% rise in its position during the first quarter.
• Recent analyst reports indicate a consensus "Moderate Buy" rating for Gildan Activewear, with target prices ranging from $60.00 to $68.00 set by various institutions.
• Gildan Activewear reported a 6.5% year-over-year increase in revenue for the last quarter, achieving $918.50 million, and announced a quarterly dividend of $0.226 to be paid on September 15th.

American Century Companies Inc. raised its stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,305 shares of the textile maker's stock after acquiring an additional 8,338 shares during the period. American Century Companies Inc. owned 0.11% of Gildan Activewear worth $7,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Gildan Activewear in the first quarter valued at $1,072,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Gildan Activewear in the first quarter valued at $474,000. PNC Financial Services Group Inc. boosted its stake in Gildan Activewear by 173.6% in the first quarter. PNC Financial Services Group Inc. now owns 12,259 shares of the textile maker's stock valued at $542,000 after acquiring an additional 7,778 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of Gildan Activewear by 243.7% in the first quarter. Aigen Investment Management LP now owns 26,356 shares of the textile maker's stock valued at $1,165,000 after buying an additional 18,688 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Gildan Activewear by 55.6% in the fourth quarter. Polar Asset Management Partners Inc. now owns 26,450 shares of the textile maker's stock valued at $1,244,000 after buying an additional 9,450 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company's stock.

Gildan Activewear Trading Down 3.9%

NYSE GIL traded down $2.14 during mid-day trading on Tuesday, reaching $52.46. 1,421,201 shares of the stock were exchanged, compared to its average volume of 1,672,523. The stock has a market capitalization of $7.83 billion, a PE ratio of 16.65, a PEG ratio of 1.75 and a beta of 1.17. The business's fifty day simple moving average is $52.27 and its 200 day simple moving average is $48.70. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $57.76. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings data on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. The company had revenue of $918.50 million during the quarter, compared to analysts' expectations of $908.41 million. During the same period in the previous year, the company earned $0.74 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. On average, research analysts anticipate that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.7%. Gildan Activewear's payout ratio is currently 28.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. CIBC upped their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a report on Friday, August 1st. BMO Capital Markets restated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. UBS Group raised their price objective on shares of Gildan Activewear from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada raised their price objective on shares of Gildan Activewear from $61.00 to $68.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, National Bankshares restated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of "Moderate Buy" and an average target price of $64.58.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.