Dynamic Technology Lab Private Ltd Purchases 13,451 Shares of Gildan Activewear, Inc. $GIL

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Gildan Activewear by 138.9% during the first quarter, bringing its total holdings to 23,135 shares worth approximately $1,023,000.
• Gildan Activewear's recent earnings report revealed EPS of $0.97, exceeding analyst expectations, with revenue up 6.5% year-over-year to $918.5 million.
• The company announced a quarterly dividend of $0.226 per share, with a payout ratio of 28.57% and a dividend yield of 1.6% for shareholders of record on August 21st.

Dynamic Technology Lab Private Ltd lifted its stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 138.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,135 shares of the textile maker's stock after purchasing an additional 13,451 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Gildan Activewear were worth $1,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GIL. Olde Wealth Management LLC purchased a new stake in shares of Gildan Activewear in the 1st quarter worth about $29,000. Twin Tree Management LP purchased a new stake in shares of Gildan Activewear in the 1st quarter worth about $29,000. Versant Capital Management Inc lifted its position in shares of Gildan Activewear by 510.7% in the 1st quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock worth $33,000 after purchasing an additional 623 shares during the period. GAMMA Investing LLC lifted its position in shares of Gildan Activewear by 4,323.5% in the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock worth $33,000 after purchasing an additional 735 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Gildan Activewear by 69.3% in the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock worth $59,000 after purchasing an additional 547 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GIL shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Canaccord Genuity Group raised their target price on shares of Gildan Activewear from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. CIBC increased their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperformer" rating in a research note on Friday, August 1st. Barclays increased their price target on shares of Gildan Activewear from $51.00 to $56.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of Gildan Activewear from $65.00 to $75.00 and gave the stock a "buy" 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 stock. According to MarketBeat, Gildan Activewear presently has an average rating of "Moderate Buy" and an average target price of $64.58.

Gildan Activewear Stock Down 2.4%

Shares of Gildan Activewear stock traded down $1.34 during trading on Friday, hitting $53.89. The company's stock had a trading volume of 588,007 shares, compared to its average volume of 1,353,656. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. The company has a fifty day simple moving average of $53.12 and a two-hundred day simple moving average of $48.75. The company has a market capitalization of $8.03 billion, a PE ratio of 17.11, a P/E/G ratio of 1.77 and a beta of 1.17. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $57.76.

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 earnings per share (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 analyst estimates of $908.41 million. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. Gildan Activewear's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. Equities research analysts predict that Gildan Activewear, Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, August 21st. Gildan Activewear's dividend payout ratio (DPR) is currently 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.