Gildan Activewear, Inc. $GIL Shares Acquired by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments increased its Gildan Activewear stake by 34.9% in the third quarter to 207,050 shares, while institutional investors collectively own 82.83% of the company.
• Gildan reported quarterly EPS of $1.28, exceeding estimates of $1.11, while revenue rose 72.3% year over year to $1.58 billion. The company also pays an annualized $1.00 dividend, yielding approximately 2.4%.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and three Holds producing a “Moderate Buy” consensus and a $73.58 target price, although several firms recently lowered their targets and investors face uncertainty from securities-litigation allegations.

Louisbourg Investments Inc. boosted its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,050 shares of the textile maker's stock after purchasing an additional 53,512 shares during the quarter. Gildan Activewear comprises about 1.5% of Louisbourg Investments Inc.'s holdings, making the stock its 18th largest position. Louisbourg Investments Inc. owned 0.11% of Gildan Activewear worth $8,848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec acquired a new stake in shares of Gildan Activewear during the 2nd quarter worth about $601,931,000. Jupiter Topco LLC purchased a new stake in shares of Gildan Activewear during the second quarter worth about $573,363,000. The Manufacturers Life Insurance Company acquired a new position in shares of Gildan Activewear in the second quarter valued at approximately $234,764,000. Bank of America Corp DE acquired a new position in shares of Gildan Activewear in the second quarter valued at approximately $65,193,000. Finally, Royal Bank of Canada raised its position in shares of Gildan Activewear by 20.9% in the first quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker's stock valued at $384,629,000 after buying an additional 1,193,718 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Trading Up 0.1%

GIL stock opened at $40.89 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 78.64 and a beta of 1.11. The business has a fifty day simple moving average of $47.93 and a 200-day simple moving average of $53.14. Gildan Activewear, Inc. has a 52 week low of $39.93 and a 52 week high of $73.69.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.17. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm's revenue for the quarter was up 72.3% compared to the same quarter last year. On average, equities research analysts expect that Gildan Activewear, Inc. will post 4.67 EPS for the current year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Thursday, August 20th were issued a $0.2490 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 20th. Gildan Activewear's dividend payout ratio (DPR) is 192.31%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Scotiabank reissued a "sector outperform" rating and set a $67.00 price objective (up from $65.00) on shares of Gildan Activewear in a research note on Friday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of Gildan Activewear in a research report on Thursday, August 13th. Stifel Nicolaus set a $83.00 target price on shares of Gildan Activewear and gave the stock a "buy" rating in a research note on Friday, July 31st. Scotia lifted their target price on shares of Gildan Activewear from $65.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 31st. Finally, TD Securities cut their price target on Gildan Activewear from $80.00 to $54.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.58.

Trending Headlines about Gildan Activewear

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Royal Bank of Canada lowered its price target from $82 to $70 but maintained an “outperform” rating, implying significant potential upside from recent levels. Royal Bank of Canada target update
• Neutral Sentiment: Multiple law firms reminded investors that December 14, 2026 is the deadline to seek appointment as lead plaintiff in a federal securities class action covering purchases from February 19, 2025, through June 15, 2026. These announcements largely repeat the same litigation notice rather than represent separate developments. Gildan investor alert and lead plaintiff deadline
• Negative Sentiment: The lawsuit alleges that Gildan and certain executives lacked adequate internal controls, used channel stuffing to inflate revenue, and reported misleading organic-growth metrics. The allegations are unproven, but the litigation creates legal costs, reputational risk, and uncertainty around prior financial disclosures. Reports link the allegations to an earlier 18.75% stock drop. Gildan channel-stuffing lawsuit allegations
• Negative Sentiment: National Bank also cut its target to C$98, adding to evidence of more cautious near-term expectations despite the stock’s still-substantial implied upside. National Bank target reduction

About Gildan Activewear

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company's product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.

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