Bahl & Gaynor Inc. Has $44.61 Million Position in Gildan Activewear, Inc. $GIL

Key Points

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Bahl & Gaynor Inc. boosted its position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 35.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,008,804 shares of the textile maker's stock after buying an additional 266,655 shares during the period. Bahl & Gaynor Inc. owned approximately 0.67% of Gildan Activewear worth $44,609,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gildan Activewear during the first quarter worth about $1,072,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Gildan Activewear during the first quarter worth about $474,000. PNC Financial Services Group Inc. grew its stake 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 worth $542,000 after buying an additional 7,778 shares in the last quarter. Aigen Investment Management LP grew its stake 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 worth $1,165,000 after buying an additional 18,688 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its stake in shares of Gildan Activewear by 55.6% in the 4th quarter. Polar Asset Management Partners Inc. now owns 26,450 shares of the textile maker's stock valued at $1,244,000 after purchasing an additional 9,450 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. CIBC raised their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a research note on Friday, August 1st. Stifel Nicolaus raised their price target on shares of Gildan Activewear from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. UBS Group raised their price target on shares of Gildan Activewear from $56.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Scotiabank reiterated an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th. Finally, TD Securities raised their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Gildan Activewear currently has an average rating of "Moderate Buy" and an average price target of $64.58.

Gildan Activewear Trading Down 0.4%

Gildan Activewear stock traded down $0.24 during mid-day trading on Thursday, hitting $55.14. 316,957 shares of the stock were exchanged, compared to its average volume of 773,131. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $57.76. The firm's fifty day simple moving average is $51.70 and its two-hundred day simple moving average is $48.62. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.76 and a beta of 1.17.

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 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. The company 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. Analysts forecast that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Announces Dividend

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 given 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 1.6%. 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.