Gildan Activewear, Inc. $GIL Stock Purchased by Letko Brosseau & Associates Inc.

Key Points

• Letko Brosseau & Associates increased its Gildan stake by 169% in the third quarter, adding about 1.6 million shares to bring its holding to 2.55 million shares, valued at roughly $108.8 million.
• Gildan reported quarterly EPS of $1.54, below the $1.57 consensus, and revenue of $1.47 billion versus expectations of $1.62 billion; shares were down 2.8% in the article’s report.
• The company announced a quarterly dividend of $0.249 per share, equivalent to about $1.00 annually and a 2.9% yield.

Letko Brosseau & Associates Inc. increased its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 169.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,548,094 shares of the textile maker's stock after buying an additional 1,600,994 shares during the period. Gildan Activewear accounts for about 1.4% of Letko Brosseau & Associates Inc.'s investment portfolio, making the stock its 26th biggest position. Letko Brosseau & Associates Inc. owned about 1.38% of Gildan Activewear worth $108,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new position in Gildan Activewear during the 2nd quarter valued at approximately $57,000. Fifth Third Bancorp raised its holdings in shares of Gildan Activewear by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker's stock worth $75,000 after acquiring an additional 192 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Gildan Activewear during the 2nd quarter worth approximately $75,000. Guardian Partners Inc. raised its holdings in shares of Gildan Activewear by 56.9% during the 3rd quarter. Guardian Partners Inc. now owns 1,785 shares of the textile maker's stock worth $76,000 after acquiring an additional 647 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in shares of Gildan Activewear during the 3rd quarter valued at approximately $80,000. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Down 2.8%

Shares of NYSE GIL opened at $34.78 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.32 and a quick ratio of 1.22. The company has a market cap of $6.44 billion, a P/E ratio of 8.50 and a beta of 1.15. Gildan Activewear, Inc. has a 1 year low of $31.33 and a 1 year high of $73.69. The firm has a 50-day simple moving average of $42.55 and a two-hundred day simple moving average of $54.55.

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 (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.62 billion. Gildan Activewear had a net margin of 3.77% and a return on equity of 21.76%. Research analysts anticipate that Gildan Activewear, Inc. will post 4.24 earnings per share for the current year.

Gildan Activewear Dividend Announcement

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

Trending Headlines about Gildan Activewear

These are some of the GIL headlines that stood out recently:

• Neutral Sentiment: Investors who bought Gildan securities from February 19, 2025, through June 15, 2026, have until December 14, 2026, to seek lead-plaintiff status in the lawsuit. Class action reminder
• Negative Sentiment: The lawsuit alleges Gildan masked weak organic demand by pushing excess product into distributor channels; one notice alleges this shifted roughly $500 million of revenue forward. These claims are allegations, not established findings, but add legal and reputational risk. Lawsuit allegations
• Negative Sentiment: Zacks Research downgraded Gildan from “hold” to “strong sell,” reinforcing concerns about the stock’s outlook. Zacks Research ratings

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GIL. William Blair set a $49.00 target price on shares of Gildan Activewear in a report on Friday, November 6th. Scotia upped their price target on shares of Gildan Activewear from $65.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Gildan Activewear in a research report on Wednesday. UBS Group set a $38.00 price objective on shares of Gildan Activewear and gave the company a "neutral" rating in a research report on Friday, November 6th. Finally, Zacks Research cut shares of Gildan Activewear from a "hold" rating to a "strong sell" rating in a research note on Monday. Nine equities 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 stock. According to MarketBeat.com, Gildan Activewear has an average rating of "Moderate Buy" and a consensus price target of $57.42.

Gildan Activewear Company Profile

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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