Banco Bilbao Vizcaya Argentaria S.A. Has $1.28 Million Position in Gildan Activewear, Inc. $GIL

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. sold 26,586 shares of Gildan Activewear, Inc., lowering its stake by 47.9% and leaving it with 28,916 shares valued at approximately $1,284,000.
• Several institutional investors significantly increased their stakes in Gildan Activewear, including Millennium Management LLC which raised its stake by 5,996.0%.
• Gildan Activewear reported earnings of $0.97 per share, exceeding analyst expectations, and announced a quarterly dividend of $0.226 per share set to be paid on September 15th.

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 47.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,916 shares of the textile maker's stock after selling 26,586 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Gildan Activewear were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new stake in shares of Gildan Activewear during the 1st quarter valued at approximately $29,000. Versant Capital Management Inc grew its holdings 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 valued at $33,000 after purchasing an additional 623 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 735 shares during the last quarter. Blue Trust Inc. grew its holdings in Gildan Activewear by 69.3% during the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock worth $59,000 after acquiring an additional 547 shares during the last quarter. Finally, Natixis grew its holdings in Gildan Activewear by 423.8% during the 4th quarter. Natixis now owns 1,540 shares of the textile maker's stock worth $72,000 after acquiring an additional 1,246 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Trading Down 1.1%

Shares of NYSE:GIL traded down $0.59 during trading on Thursday, reaching $54.79. The stock had a trading volume of 179,055 shares, compared to its average volume of 772,457. The firm's fifty day moving average is $51.70 and its 200 day moving average is $48.62. 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, Inc. has a 52 week low of $37.16 and a 52 week high of $57.76. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.76 and a beta of 1.17.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $908.41 million. During the same period in the prior year, the firm posted $0.74 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. As a group, equities analysts forecast that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. UBS Group boosted their target price on shares of Gildan Activewear from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. BMO Capital Markets reissued an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th. Cfra Research raised shares of Gildan Activewear to a "hold" rating in a report on Monday, August 4th. Finally, Scotiabank reissued an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.