Gildan Activewear, Inc. $GIL Stock Bought by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Gildan Activewear position by 2.5% in the third quarter, owning 1.996 million shares worth approximately $82.9 million. Institutional investors collectively hold 82.83% of the company.
• Analysts maintain a generally positive view, with 12 Buy ratings and three Holds, producing a “Moderate Buy” consensus and average price target of $73.69. However, UBS and TD Securities recently cut their targets to $71 and $54, respectively.
• Gildan shares fell 2.4% to $41, near their 52-week low, while the company faces a proposed securities class action alleging channel stuffing; the allegations have not been established in court, and investors have until December 14, 2026, to seek lead-plaintiff status.

TD Waterhouse Canada Inc. grew its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,995,661 shares of the textile maker's stock after purchasing an additional 48,333 shares during the period. TD Waterhouse Canada Inc. owned about 1.08% of Gildan Activewear worth $82,877,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Banque Pictet & Cie SA bought a new position in Gildan Activewear during the 3rd quarter valued at about $372,000. Cardinal Capital Management Inc. grew its stake in Gildan Activewear by 9.3% during the third quarter. Cardinal Capital Management Inc. now owns 3,309,542 shares of the textile maker's stock worth $141,363,000 after buying an additional 282,627 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Gildan Activewear by 10.0% during the third quarter. Assenagon Asset Management S.A. now owns 13,430 shares of the textile maker's stock worth $574,000 after buying an additional 1,222 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Gildan Activewear by 7.6% during the third quarter. Mather Group LLC. now owns 3,468 shares of the textile maker's stock worth $148,000 after buying an additional 244 shares in the last quarter. Finally, Three Magnolias Financial Advisors LLC acquired a new stake in shares of Gildan Activewear during the third quarter worth approximately $281,000. Institutional investors own 82.83% of the company's stock.

Key Headlines Impacting Gildan Activewear

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

• Positive Sentiment: UBS retained a Buy rating on Gildan Activewear but lowered its price target to $71 from $111. The revised target still implies substantial potential upside from the current trading level, suggesting UBS believes the market may have overreacted to recent concerns. UBS price target report
• Neutral Sentiment: A Quebec Court of Appeal decision granted Gildan leave to appeal an order requiring it to advance defense costs to former directors. The ruling is procedural; its ultimate effect on Gildan’s legal expenses and liability remains uncertain. Quebec Court of Appeal article
• Negative Sentiment: Rosen Law Firm and several other firms announced or promoted a securities class action against Gildan on behalf of investors who purchased securities between February 19, 2025, and June 15, 2026. The complaints reportedly involve alleged channel stuffing and related securities-law violations. These are allegations, not established findings, but the litigation could create legal costs, potential damages and management distraction. Investors have until December 14, 2026 to seek lead-plaintiff status. Rosen Law Firm class action announcement

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Securities lowered their target price 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Gildan Activewear in a research report on Thursday, August 13th. Citigroup reissued a "neutral" rating on shares of Gildan Activewear in a report on Tuesday, August 4th. UBS Group lowered their price objective on shares of Gildan Activewear from $111.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 target price (up from $78.00) on shares of Gildan Activewear in a research note on Friday, July 31st. Twelve 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, the company currently has an average rating of "Moderate Buy" and an average price target of $73.69.

Gildan Activewear Trading Down 2.4%

Shares of NYSE:GIL traded down $0.99 during trading on Friday, hitting $41.00. 1,660,167 shares of the company's stock were exchanged, compared to its average volume of 2,170,748. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15. The firm has a market cap of $7.59 billion, a P/E ratio of 78.85 and a beta of 1.11. The firm has a 50-day moving average price of $48.61 and a two-hundred day moving average price of $53.35. Gildan Activewear, Inc. has a 1-year low of $39.93 and a 1-year high of $73.69.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business posted $0.97 earnings per share. Gildan Activewear's revenue was up 72.3% compared to the same quarter last year. Equities analysts predict that Gildan Activewear, Inc. will post 4.67 earnings per share for the current year.

Gildan Activewear Dividend Announcement

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

About Gildan Activewear

Gildan Activewear Inc is a Canadian apparel manufacturer headquartered in Montreal, Quebec. The company produces basic everyday apparel, including T-shirts, fleece garments, underwear, socks and hosiery, for wholesalers, retailers, screen printers, brands and consumers.

Its portfolio includes the Gildan, American Apparel, Comfort Colors and Gold Toe brands, along with other product lines serving the activewear, casualwear and innerwear markets. Gildan also manufactures private-label and co-branded products for customers in several apparel categories.

Founded in 1984 by brothers Glenn and Greg Chamandy, Gildan has developed a vertically integrated manufacturing model that covers key stages from textile production through finished garments.

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