Gildan Activewear, Inc. $GIL Shares Bought by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Gildan Activewear by 14.4%, acquiring an additional 164,105 shares in the second quarter.
• In its recent quarterly earnings report, Gildan Activewear announced an EPS of $0.97, slightly surpassing estimates and achieving a 6.5% revenue increase compared to the previous year.
• Analysts have mostly rated Gildan Activewear positively, with a consensus target price of $64.58, as twelve research analysts have issued buy ratings on the stock.

Vaughan Nelson Investment Management L.P. boosted its position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 14.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,303,490 shares of the textile maker's stock after acquiring an additional 164,105 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.87% of Gildan Activewear worth $64,184,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GIL. The Manufacturers Life Insurance Company raised its stake in shares of Gildan Activewear by 67.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,959,555 shares of the textile maker's stock valued at $131,556,000 after buying an additional 1,189,921 shares during the last quarter. Genus Capital Management Inc. raised its stake in shares of Gildan Activewear by 191.7% during the 1st quarter. Genus Capital Management Inc. now owns 251,308 shares of the textile maker's stock valued at $11,109,000 after buying an additional 525,386 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker's stock valued at $77,838,000 after buying an additional 503,359 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Gildan Activewear by 28.7% during the 1st quarter. Alberta Investment Management Corp now owns 1,589,001 shares of the textile maker's stock valued at $70,240,000 after buying an additional 354,201 shares during the last quarter. Finally, Forge First Asset Management Inc. raised its stake in shares of Gildan Activewear by 713.7% during the 1st quarter. Forge First Asset Management Inc. now owns 379,200 shares of the textile maker's stock valued at $16,781,000 after buying an additional 332,600 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $60.96 on Friday. 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 twelve month low of $37.16 and a twelve month high of $61.16. The firm has a market cap of $9.09 billion, a PE ratio of 19.35, a P/E/G ratio of 1.92 and a beta of 1.20. The business has a 50-day moving average price of $54.76 and a 200 day moving average price of $49.53.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data 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. 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 for the quarter, compared to analysts' expectations of $908.41 million. During the same period in the previous year, the firm posted $0.74 EPS. Gildan Activewear's 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. Sell-side analysts predict that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 21st were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, August 21st. Gildan Activewear's payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIL. National Bankshares reiterated an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Canaccord Genuity Group lifted 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. Cfra Research upgraded Gildan Activewear to a "hold" rating in a research note on Monday, August 4th. BMO Capital Markets restated an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Finally, Citigroup set a $60.00 price target on Gildan Activewear and gave the company a "buy" rating in a research note on Thursday, August 14th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Gildan Activewear has an average rating of "Moderate Buy" and a consensus target price 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.

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