Gildan Activewear, Inc. $GIL Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Gildan Activewear by 26% to 7,566,962 shares, representing about 4.09% ownership worth approximately $472.96 million at the end of the quarter.
• Gildan topped expectations with Q EPS of $0.43 vs. $0.36 and revenue of $1.17 billion (up 63.8% YoY), and set FY2026 guidance of $4.20–$4.40 EPS (analysts forecast ~4.29 EPS).
• The company announced a quarterly dividend of $0.249 per share ($1.00 annualized, ~1.7% yield) with an ex-dividend/record date of May 20 and payment on June 15.

Vanguard Group Inc. grew its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,566,962 shares of the textile maker's stock after acquiring an additional 1,561,729 shares during the period. Vanguard Group Inc. owned about 4.09% of Gildan Activewear worth $472,964,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GIL. Webster Bank N. A. acquired a new stake in Gildan Activewear in the fourth quarter valued at approximately $25,000. Nisa Investment Advisors LLC acquired a new position in shares of Gildan Activewear during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its stake in shares of Gildan Activewear by 867.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker's stock worth $30,000 after buying an additional 460 shares during the period. Maseco LLP purchased a new position in shares of Gildan Activewear during the 4th quarter valued at approximately $33,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Gildan Activewear by 169.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker's stock valued at $31,000 after buying an additional 338 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GIL shares. TD Securities reissued a "buy" rating and issued a $77.00 price target on shares of Gildan Activewear in a report on Tuesday, January 27th. Royal Bank Of Canada decreased their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, March 2nd. Scotiabank dropped their target price on shares of Gildan Activewear from $74.00 to $72.00 and set a "sector outperform" rating on the stock in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Finally, National Bank Financial upped their price target on shares of Gildan Activewear from $92.00 to $97.00 and gave the stock an "outperform" rating in a research report on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $79.77.

Gildan Activewear Stock Up 3.0%

NYSE GIL opened at $59.76 on Wednesday. The business has a fifty day moving average price of $59.91 and a 200 day moving average price of $61.52. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 2.35. The company has a market cap of $11.07 billion, a P/E ratio of 35.15 and a beta of 1.10. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company's revenue for the quarter was up 63.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts anticipate that Gildan Activewear, Inc. will post 4.29 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear's dividend payout ratio is currently 58.82%.

Gildan Activewear Profile

Gildan Activewear Inc NYSE: GIL is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.

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