Gildan Activewear, Inc. $GIL Shares Sold by BCV Asset Management Inc.

Key Points

• BCV Asset Management cut its Gildan Activewear stake by 98.7% in the third quarter, selling 1,474,523 shares and retaining 19,380 shares worth about $831,000. Institutional investors overall own 82.83% of the company.
• Gildan reported quarterly earnings of $1.54 per share, below analysts’ $1.57 estimate, and revenue of $1.47 billion versus expectations of $1.62 billion.
• The company declared a quarterly dividend of $0.249 per share, equivalent to a 2.9% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $57.42.

BCV Asset Management Inc. cut its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 98.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,380 shares of the textile maker's stock after selling 1,474,523 shares during the quarter. BCV Asset Management Inc.'s holdings in Gildan Activewear were worth $831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Caisse de depot et placement du Quebec acquired a new position in Gildan Activewear in the 2nd quarter valued at approximately $601,931,000. Jupiter Topco LLC acquired a new position in shares of Gildan Activewear during the second quarter worth $573,363,000. The Manufacturers Life Insurance Company acquired a new position in shares of Gildan Activewear during the second quarter worth $234,764,000. Letko Brosseau & Associates Inc. lifted its holdings in shares of Gildan Activewear by 169.0% during the third quarter. Letko Brosseau & Associates Inc. now owns 2,548,094 shares of the textile maker's stock worth $108,816,000 after purchasing an additional 1,600,994 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Gildan Activewear in the second quarter worth $65,193,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Trading Down 0.7%

NYSE:GIL opened at $34.58 on Friday. Gildan Activewear, Inc. has a 52 week low of $31.33 and a 52 week high of $73.69. The firm has a 50-day moving average price of $42.17 and a two-hundred day moving average price of $54.39. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.22 and a current ratio of 2.32. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 8.27 and a beta of 1.15.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its earnings results on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.03). The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.62 billion. Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. On average, equities analysts expect that Gildan Activewear, Inc. will post 4.24 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be issued a $0.2490 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Gildan Activewear's payout ratio is 89.29%.

Analysts Set New Price Targets

A number of research firms have commented on GIL. William Blair set a $49.00 price target on Gildan Activewear in a research report on Friday, November 6th. Canaccord Genuity Group downgraded Gildan Activewear from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $62.00 to $41.00 in a research report on Friday, November 6th. TD cut their price objective 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. TD Cowen reiterated a "buy" rating on shares of Gildan Activewear in a report on Friday, November 6th. Finally, TD Securities decreased their target price on shares of Gildan Activewear from $80.00 to $54.00 and set a "buy" rating for the company in a research report on Thursday, September 24th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of "Moderate Buy" and a consensus price target of $57.42.

Trending Headlines about Gildan Activewear

Investors following GIL have been watching these headlines:

• Negative Sentiment: The lawsuit covers investors who bought Gildan shares from February 19, 2025, through June 15, 2026. One notice says the case followed a June 16 disclosure and alleges Gildan masked weak organic demand by stuffing distributor channels. Continued attention to the claims could weigh on sentiment and adds legal uncertainty. Article: SueWallSt Reminds Shareholders of Lead Plaintiff Deadline
• Neutral Sentiment: Multiple firms reminded investors that December 14, 2026, is the deadline to seek appointment as lead plaintiff. These notices largely repeat information about the existing case rather than announce a new development. Article: Kaplan Fox Notifies Investors of Upcoming Lead Plaintiff Deadline

About Gildan Activewear

Gildan Activewear Inc. is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors. The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.

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