Fox Run Management L.L.C. Acquires 15,910 Shares of Gildan Activewear, Inc. $GIL

Key Points

• Fox Run Management L.L.C. increased its stake in Gildan Activewear by 160.8% in the first quarter, now owning 25,807 shares valued at approximately $1.14 million.
• Several other institutional investors also raised their stakes, with some like GAMMA Investing LLC increasing by as much as 4,323.5% during the same period.
• Gildan Activewear recently reported earnings per share (EPS) of $0.97, exceeding analyst estimates, and announced a quarterly dividend of $0.226 set to be paid on September 15th.

Fox Run Management L.L.C. raised its stake in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 160.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,807 shares of the textile maker's stock after acquiring an additional 15,910 shares during the period. Fox Run Management L.L.C.'s holdings in Gildan Activewear were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Gildan Activewear in the 1st quarter worth $1,072,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Gildan Activewear during the first quarter worth about $474,000. Aigen Investment Management LP grew its position in Gildan Activewear by 243.7% in the 1st quarter. Aigen Investment Management LP now owns 26,356 shares of the textile maker's stock worth $1,165,000 after purchasing an additional 18,688 shares in the last quarter. Polar Asset Management Partners Inc. increased its stake in 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 buying an additional 9,450 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Gildan Activewear by 173.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,259 shares of the textile maker's stock valued at $542,000 after buying an additional 7,778 shares during the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Stock Performance

Shares of GIL traded down $1.9450 during mid-day trading on Wednesday, hitting $54.6450. The stock had a trading volume of 7,997,829 shares, compared to its average volume of 1,229,526. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $57.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67. The business has a fifty day moving average price of $50.94 and a 200-day moving average price of $48.50. The firm has a market cap of $8.16 billion, a P/E ratio of 17.35, a PEG ratio of 1.81 and a beta of 1.17.

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

Gildan Activewear Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GIL shares. National Bankshares restated an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. UBS Group lifted their price target on Gildan Activewear from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Canaccord Genuity Group upped their price objective on Gildan Activewear from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Royal Bank Of Canada raised their target price on Gildan Activewear from $61.00 to $68.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, Stifel Nicolaus lifted their target price on Gildan Activewear from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.58.

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.