15,537 Shares in Gildan Activewear, Inc. $GIL Acquired by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC acquired 15,537 shares of Gildan Activewear for roughly $687,000 in the first quarter, highlighting increased institutional interest in the company.
• Several analysts have raised their price targets for Gildan Activewear, with Stifel Nicolaus and UBS Group setting new targets at $75.00 and $70.00, respectively, while maintaining "buy" ratings.
• Gildan Activewear announced a quarterly dividend of $0.226, reflecting a yield of 1.7% and a dividend payout ratio of 28.57%.

Kovitz Investment Group Partners LLC purchased a new stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,537 shares of the textile maker's stock, valued at approximately $687,000.

A number of other large investors also recently bought and sold shares of GIL. Olde Wealth Management LLC bought a new position in Gildan Activewear in the first quarter worth approximately $29,000. Versant Capital Management Inc increased its position in shares of Gildan Activewear by 510.7% during the first quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock worth $33,000 after purchasing an additional 623 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Gildan Activewear by 4,323.5% during the first quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock worth $33,000 after purchasing an additional 735 shares in the last quarter. Blue Trust Inc. increased its position in shares of Gildan Activewear by 69.3% during the first quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock worth $59,000 after purchasing an additional 547 shares in the last quarter. Finally, Natixis increased its position in shares of Gildan Activewear by 423.8% in the 4th quarter. Natixis now owns 1,540 shares of the textile maker's stock valued at $72,000 after acquiring an additional 1,246 shares during the period. Institutional investors own 82.83% of the company's stock.

Gildan Activewear Trading Up 0.3%

Shares of NYSE GIL traded up $0.15 during midday trading on Tuesday, reaching $54.82. 552,219 shares of the stock were exchanged, compared to its average volume of 1,712,749. The company has a 50 day simple moving average of $51.54 and a 200 day simple moving average of $48.57. The stock has a market capitalization of $8.18 billion, a P/E ratio of 17.40, a PEG ratio of 1.75 and a beta of 1.17. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.67 and a current ratio of 3.87. Gildan Activewear, Inc. has a twelve month low of $37.16 and a twelve month high of $57.76.

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

Gildan Activewear Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on GIL shares. BMO Capital Markets reissued an "outperform" rating on shares of Gildan Activewear in a research report on Thursday, August 14th. National Bankshares reaffirmed an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th. Wall Street Zen raised shares of Gildan Activewear from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barclays upped their price target on shares of Gildan Activewear from $51.00 to $56.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada upped their price target on shares of Gildan Activewear from $61.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.