Gildan Activewear, Inc. $GIL Shares Newly Purchased by QV Investors Inc.

Key Points

• QV Investors acquired 498,981 Gildan Activewear shares in the third quarter, worth approximately $21.3 million and representing 1.6% of its portfolio. Institutional investors collectively own 82.83% of Gildan.
• Gildan shares opened at $40.89, near their 52-week low of $39.93 and well below the $73.69 high. Analysts maintain a “Moderate Buy” consensus with an average price target of $73.58, although several firms recently lowered their targets.
• The company faces securities litigation alleging weak internal controls, channel stuffing and misleading organic-growth metrics; the allegations remain unproven. Investors must seek lead-plaintiff status by December 14, 2026, while the company’s latest quarter showed $1.28 in EPS and 72.3% year-over-year revenue growth.

QV Investors Inc. bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 498,981 shares of the textile maker's stock, valued at approximately $21,309,000. Gildan Activewear comprises approximately 1.6% of QV Investors Inc.'s holdings, making the stock its 23rd biggest holding. QV Investors Inc. owned about 0.27% of Gildan Activewear as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caisse de depot et placement du Quebec bought a new position in Gildan Activewear in the 2nd quarter valued at about $601,931,000. Jupiter Topco LLC bought a new position in Gildan Activewear in the 2nd quarter valued at about $573,363,000. Janus Henderson Group PLC lifted its position in Gildan Activewear by 0.9% during the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker's stock worth $589,508,000 after acquiring an additional 98,134 shares during the last quarter. Royal Bank of Canada lifted its position in Gildan Activewear by 20.9% during the first quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker's stock worth $384,629,000 after acquiring an additional 1,193,718 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Gildan Activewear by 15.7% during the first quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker's stock worth $373,122,000 after acquiring an additional 909,001 shares during the last quarter. Institutional investors own 82.83% of the company's stock.

Gildan Activewear News Roundup

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

Analyst Ratings Changes

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

Gildan Activewear Stock Performance

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

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

Gildan Activewear Dividend Announcement

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

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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