Korea Investment CORP Buys 30,890 Shares of Gildan Activewear, Inc. $GIL

Key Points

• Korea Investment CORP raised its stake in Gildan Activewear by 33.1%, buying 30,890 shares to own 124,218 shares (about 0.08%) worth roughly $7.18 million.
• Gildan reported quarterly EPS of $0.96, missing estimates by $0.35 while revenue rose 31.1% to $1.08 billion and topped expectations; management set FY2026 EPS guidance of 4.20–4.40.
• The company increased its quarterly dividend to $0.249 (annualized $1.00) for a 1.7% yield, with an ex-dividend date of March 19 and payment on April 13.

Korea Investment CORP increased its stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,218 shares of the textile maker's stock after buying an additional 30,890 shares during the quarter. Korea Investment CORP owned about 0.08% of Gildan Activewear worth $7,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GIL. Smartleaf Asset Management LLC raised its stake in shares of Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker's stock valued at $27,000 after acquiring an additional 343 shares during the period. Farther Finance Advisors LLC grew its holdings in Gildan Activewear by 240.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker's stock valued at $43,000 after purchasing an additional 521 shares during the last quarter. Blue Trust Inc. grew its holdings in Gildan Activewear by 12.1% during the 3rd quarter. Blue Trust Inc. now owns 2,268 shares of the textile maker's stock valued at $131,000 after purchasing an additional 245 shares during the last quarter. Versant Capital Management Inc raised its position in Gildan Activewear by 82.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,850 shares of the textile maker's stock worth $165,000 after purchasing an additional 1,287 shares during the period. Finally, Mather Group LLC. purchased a new stake in Gildan Activewear in the 3rd quarter worth about $186,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Stock Performance

Shares of NYSE:GIL opened at $59.35 on Friday. The firm's 50 day simple moving average is $66.82 and its 200-day simple moving average is $61.28. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $73.69. The firm has a market cap of $10.99 billion, a PE ratio of 22.65 and a beta of 1.05.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.35). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The firm's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.23. Gildan Activewear's dividend payout ratio is currently 34.35%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GIL. TD Securities restated a "buy" rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Tuesday, January 27th. Royal Bank Of Canada reduced their price target on Gildan Activewear from $79.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, March 2nd. Scotiabank boosted their price objective on Gildan Activewear from $72.00 to $74.00 and gave the company a "sector outperform" rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gildan Activewear in a research report on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $79.00 target price on shares of Gildan Activewear in a research note on Friday, February 20th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gildan Activewear has an average rating of "Moderate Buy" and a consensus price target of $80.08.

Gildan Activewear Company Profile

Gildan Activewear Inc NYSE: GIL is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.

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