Gildan Activewear, Inc. $GIL Shares Acquired by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its stake in Gildan Activewear by 75.6%, holding 32,015 shares valued at $1.576 million as of the latest SEC filing.
• The stock has received strong ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $66.23 following multiple upgrades from various research firms.
• Gildan Activewear recently reported a quarterly EPS of $0.97, exceeding analysts' expectations, and has set guidance for FY 2025 at 3.400-3.560 EPS.

Generali Asset Management SPA SGR boosted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 75.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,015 shares of the textile maker's stock after purchasing an additional 13,784 shares during the period. Generali Asset Management SPA SGR's holdings in Gildan Activewear were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GIL. Maseco LLP acquired a new position in Gildan Activewear during the second quarter valued at $26,000. Olde Wealth Management LLC acquired a new position in Gildan Activewear during the first quarter valued at $29,000. Twin Tree Management LP acquired a new position in Gildan Activewear during the first quarter valued at $29,000. GAMMA Investing LLC lifted its position in Gildan Activewear by 4,323.5% during the first 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 period. Finally, Blue Trust Inc. lifted its position in Gildan Activewear by 69.3% during the first quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock valued at $59,000 after purchasing an additional 547 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Scotiabank restated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Citigroup set a $60.00 price objective on shares of Gildan Activewear and gave the stock a "buy" rating in a research report on Thursday, August 14th. National Bankshares reiterated an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Royal Bank Of Canada upped their price objective on shares of Gildan Activewear from $61.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Finally, Canaccord Genuity Group upped their price objective 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. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.23.

Gildan Activewear Stock Up 0.3%

GIL stock opened at $60.70 on Friday. The stock has a market capitalization of $9.05 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.94 and a beta of 1.20. The firm has a 50-day simple moving average of $56.51 and a 200-day simple moving average of $50.59. 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 52 week low of $37.16 and a 52 week high of $62.23.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its earnings results on Thursday, July 31st. The textile maker reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. The business had revenue of $918.50 million during 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. Equities analysts forecast that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 21st were paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 21st. Gildan Activewear's dividend payout ratio is currently 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.

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