Gildan Activewear, Inc. $GIL Stock Holdings Trimmed by 111 Capital

Key Points

• 111 Capital reduced its holdings in Gildan Activewear by 56.6% during the 2nd quarter, leaving it with 8,131 shares worth approximately $401,000.
• Gildan Activewear reported $0.97 earnings per share for the quarter, slightly exceeding analysts' expectations, with a year-over-year revenue increase of 6.5%.
• The company has recently announced a quarterly dividend of $0.226 per share, resulting in an annualized dividend of $0.90 and a yield of 1.5%.

111 Capital decreased its holdings in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 56.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,131 shares of the textile maker's stock after selling 10,621 shares during the quarter. 111 Capital's holdings in Gildan Activewear were worth $401,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Cooper Financial Group grew its position in Gildan Activewear by 1.7% in the 1st quarter. Cooper Financial Group now owns 16,537 shares of the textile maker's stock valued at $731,000 after buying an additional 269 shares in the last quarter. Haven Private LLC lifted its stake in shares of Gildan Activewear by 3.4% in the 1st quarter. Haven Private LLC now owns 8,653 shares of the textile maker's stock worth $383,000 after acquiring an additional 284 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Gildan Activewear by 15.5% in the first quarter. TD Private Client Wealth LLC now owns 3,545 shares of the textile maker's stock valued at $157,000 after acquiring an additional 476 shares in the last quarter. Maseco LLP acquired a new position in shares of Gildan Activewear during the second quarter valued at approximately $26,000. Finally, Pembroke Management LTD increased its stake in shares of Gildan Activewear by 0.7% during the first quarter. Pembroke Management LTD now owns 74,092 shares of the textile maker's stock valued at $3,276,000 after acquiring an additional 532 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Up 1.9%

Shares of Gildan Activewear stock opened at $60.96 on Monday. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $61.16. The company has a market cap of $9.09 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.96 and a beta of 1.20. The company has a current ratio of 3.87, a quick ratio of 1.67 and a debt-to-equity ratio of 1.37. The stock has a 50-day moving average price of $54.76 and a 200 day moving average price of $49.57.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.01. The company had revenue of $918.50 million for the quarter, compared to the consensus estimate of $908.41 million. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. As a group, analysts expect that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. Gildan Activewear's dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

A number of analysts have recently commented on GIL shares. Wall Street Zen downgraded Gildan Activewear from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Stifel Nicolaus set a $75.00 target price on Gildan Activewear and gave the stock a "buy" rating in a report on Friday, September 19th. CIBC upped their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperformer" rating in a report on Friday, August 1st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Finally, Barclays boosted their target price on shares of Gildan Activewear from $51.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of "Moderate Buy" and an average target price of $64.58.

Gildan Activewear Company 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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