Aptus Capital Advisors LLC Makes New $5.47 Million Investment in Gildan Activewear, Inc. $GIL

Key Points

• Aptus Capital Advisors LLC acquired a new stake in Gildan Activewear by purchasing 123,648 shares valued at approximately $5.47 million, representing about 0.08% of the company's stock.
• Gildan Activewear reported earnings of $0.97 per share, exceeding analysts' estimates, with a revenue increase of 6.5% year-over-year, leading to an FY 2025 guidance of $3.400-3.560 EPS.
• The company announced a quarterly dividend of $0.226 per share, representing an annualized dividend of $0.90 and a yield of 1.6%, with a payout ratio of 28.57%.

Aptus Capital Advisors LLC bought a new position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL during the first quarter, according to its most recent disclosure with the SEC. The firm bought 123,648 shares of the textile maker's stock, valued at approximately $5,468,000. Aptus Capital Advisors LLC owned 0.08% of Gildan Activewear as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Gildan Activewear in the 1st quarter worth $1,072,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Gildan Activewear during the first quarter valued at about $474,000. Aigen Investment Management LP raised its holdings in Gildan Activewear by 243.7% during the first quarter. Aigen Investment Management LP now owns 26,356 shares of the textile maker's stock valued at $1,165,000 after acquiring an additional 18,688 shares during the period. PNC Financial Services Group Inc. raised its holdings in Gildan Activewear by 173.6% during 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 during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Gildan Activewear by 55.6% during 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 acquiring an additional 9,450 shares during the period. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Down 1.2%

Shares of GIL traded down $0.67 during midday trading on Monday, reaching $55.03. 149,763 shares of the stock were exchanged, compared to its average volume of 771,202. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $57.76. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37. The company's 50 day moving average is $51.25 and its two-hundred day moving average is $48.50. The company has a market capitalization of $8.21 billion, a P/E ratio of 17.47, a PEG ratio of 1.79 and a beta of 1.17.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The business had revenue of $918.50 million for the quarter, compared to the consensus estimate of $908.41 million. During the same quarter in the prior year, the company earned $0.74 EPS. The business's 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, sell-side analysts anticipate that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.226 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear's dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

GIL has been the topic of a number of recent analyst reports. Barclays raised their price target on Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised Gildan Activewear from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Cfra Research raised Gildan Activewear to a "hold" rating in a report on Monday, August 4th. Stifel Nicolaus raised their price target on Gildan Activewear from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Scotiabank restated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Gildan Activewear has an average rating of "Moderate Buy" and a consensus target price of $64.58.

Gildan Activewear Company Profile

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.