Boston Partners Has $9.60 Million Holdings in Gildan Activewear, Inc. $GIL

Key Points

• Boston Partners reduced its stake in Gildan Activewear by 25.4%, now holding approximately 217,210 shares valued at $9.6 million.
• Gildan Activewear received multiple analyst upgrades, with UBS Group raising the price target from $56.00 to $70.00 while maintaining a "buy" rating.
• The company recently declared a quarterly dividend of $0.226 per share, which corresponds to an annual yield of 1.6%.

Boston Partners trimmed its holdings in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 25.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,210 shares of the textile maker's stock after selling 74,077 shares during the period. Boston Partners owned 0.14% of Gildan Activewear worth $9,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gildan Activewear in the first quarter valued at approximately $129,000. Gulf International Bank UK Ltd raised its position in shares of Gildan Activewear by 1,925.9% in the first quarter. Gulf International Bank UK Ltd now owns 7,658 shares of the textile maker's stock valued at $339,000 after buying an additional 7,280 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Gildan Activewear by 12.6% in the first quarter. HighTower Advisors LLC now owns 14,766 shares of the textile maker's stock valued at $653,000 after buying an additional 1,650 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Gildan Activewear in the first quarter valued at approximately $5,433,000. Finally, Aigen Investment Management LP raised its position 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 in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of analyst reports. UBS Group lifted their price target 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. Scotiabank reissued an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. BMO Capital Markets reissued an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. TD Securities lifted their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted 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. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.58.

Gildan Activewear Price Performance

Shares of NYSE GIL traded down $1.8640 during midday trading on Wednesday, reaching $54.7260. 7,162,468 shares of the company were exchanged, compared to its average volume of 763,042. The stock's 50-day moving average price is $50.80 and its 200-day moving average price is $48.46. The stock has a market cap of $8.17 billion, a P/E ratio of 17.37, a PEG ratio of 1.81 and a beta of 1.17. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $57.76. 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 (NYSE:GIL - Get Free Report) TSE: GIL last posted its earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. The firm had revenue of $918.50 million for the quarter, compared to analysts' expectations of $908.41 million. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts anticipate that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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

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.