Avior Wealth Management LLC Boosts Stake in Gildan Activewear, Inc. $GIL

Key Points

• Avior Wealth Management LLC significantly increased its stake in Gildan Activewear by 12,277.2% during the second quarter, now owning 27,725 shares valued at approximately $1.365 million.
• Equities analysts have varied opinions on Gildan Activewear, with CIBC raising its target price from $56 to $60 and a downgrade from Wall Street Zen from a "buy" to a "hold" rating.
• Gildan Activewear reported a quarterly earnings per share (EPS) of $0.97, exceeding analyst expectations, and has set its FY 2025 guidance at 3.400-3.560 EPS.

Avior Wealth Management LLC boosted its holdings in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 12,277.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,725 shares of the textile maker's stock after acquiring an additional 27,501 shares during the quarter. Avior Wealth Management LLC's holdings in Gildan Activewear were worth $1,365,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Maseco LLP acquired a new position in shares of Gildan Activewear during the 2nd quarter worth $26,000. Olde Wealth Management LLC acquired a new position in Gildan Activewear during the first quarter worth about $29,000. Twin Tree Management LP purchased a new position in Gildan Activewear in the first quarter valued at about $29,000. GAMMA Investing LLC lifted its position in shares of Gildan Activewear by 4,323.5% during the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock valued at $33,000 after acquiring an additional 735 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Gildan Activewear by 510.7% during the 1st quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock worth $33,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Gildan Activewear from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. CIBC upped their target price on Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a report on Friday, August 1st. Scotiabank reaffirmed an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Royal Bank Of Canada increased their price objective on shares of Gildan Activewear from $61.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus set a $75.00 target price on shares of Gildan Activewear and gave the company a "buy" rating in a report on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $64.58.

Gildan Activewear Trading Up 1.6%

Shares of GIL stock opened at $57.62 on Monday. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.85 and a beta of 1.17. 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 firm has a 50-day moving average price of $54.07 and a 200 day moving average price of $49.13. Gildan Activewear, Inc. has a twelve month low of $37.16 and a twelve month high of $57.80.

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

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.226 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. Gildan Activewear's dividend payout ratio (DPR) is 28.57%.

Gildan Activewear 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.

Want to see what other hedge funds are holding GIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.