Gulf International Bank UK Ltd Buys 7,280 Shares of Gildan Activewear, Inc. $GIL

Gulf International Bank UK Ltd lifted its position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 1,925.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,658 shares of the textile maker's stock after purchasing an additional 7,280 shares during the quarter. Gulf International Bank UK Ltd's holdings in Gildan Activewear were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Syon Capital LLC raised its position in Gildan Activewear by 3.9% in the 4th quarter. Syon Capital LLC now owns 6,524 shares of the textile maker's stock valued at $307,000 after buying an additional 242 shares during the last quarter. Cooper Financial Group raised 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 during the last quarter. Haven Private LLC raised its position in Gildan Activewear by 3.4% in the 1st quarter. Haven Private LLC now owns 8,653 shares of the textile maker's stock valued at $383,000 after buying an additional 284 shares during the last quarter. TD Private Client Wealth LLC raised its position in Gildan Activewear by 15.5% in the 1st quarter. TD Private Client Wealth LLC now owns 3,545 shares of the textile maker's stock valued at $157,000 after buying an additional 476 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Gildan Activewear by 69.3% in the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock valued at $59,000 after buying an additional 547 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of GIL stock traded up $1.3960 on Friday, hitting $55.6060. 395,733 shares of the stock were exchanged, compared to its average volume of 770,470. 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 firm has a market capitalization of $8.30 billion, a PE ratio of 17.67, a P/E/G ratio of 1.75 and a beta of 1.17. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $57.76. The firm's 50 day moving average is $51.06 and its two-hundred day moving average is $48.52.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $918.50 million during 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% compared to the same quarter last year. 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. Sell-side analysts expect that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 21st will be paid a $0.226 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.90 annualized dividend and a yield of 1.6%. Gildan Activewear's dividend payout ratio (DPR) is currently 28.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on Gildan Activewear from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. Cfra Research raised Gildan Activewear to a "hold" rating in a research report on Monday, August 4th. Royal Bank Of Canada raised their target price on Gildan Activewear from $61.00 to $68.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, TD Securities raised their target price on Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.58.

About Gildan Activewear

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.