Massachusetts Financial Services Co. MA Grows Stock Holdings in Gildan Activewear, Inc. $GIL

Key Points

• Massachusetts Financial Services Co. raised its stake in Gildan Activewear by 4.7% in Q4 to 599,107 shares (about $37.4 million), and institutional investors now own 82.83% of the stock.
• Gildan reported Q4 EPS of $0.96 (missing the $1.31 consensus) while revenue rose 31.1% to $1.08 billion; the company set FY2026 guidance of 4.20–4.40 EPS and increased its quarterly dividend to $0.249 ($1.00 annualized, 1.7% yield).
• Analysts are largely positive—13 Buys, 2 Holds, 1 Sell—with a consensus rating of Moderate Buy and an average price target of $80.08.

Massachusetts Financial Services Co. MA increased its stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 599,107 shares of the textile maker's stock after purchasing an additional 27,102 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.32% of Gildan Activewear worth $37,420,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GIL. Washburn Capital Management Inc. increased its position in Gildan Activewear by 3.8% during the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker's stock valued at $266,000 after acquiring an additional 157 shares during the last quarter. Willis Investment Counsel grew its stake in shares of Gildan Activewear by 48.5% during the 4th quarter. Willis Investment Counsel now owns 77,968 shares of the textile maker's stock valued at $4,870,000 after purchasing an additional 25,451 shares during the period. Maseco LLP purchased a new stake in shares of Gildan Activewear during the 4th quarter valued at about $33,000. Azzad Asset Management Inc. ADV lifted its stake in shares of Gildan Activewear by 1.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 63,288 shares of the textile maker's stock worth $3,953,000 after purchasing an additional 959 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Gildan Activewear in the fourth quarter worth approximately $53,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Price Performance

NYSE:GIL opened at $58.38 on Wednesday. The business's 50-day simple moving average is $63.15 and its two-hundred day simple moving average is $61.61. Gildan Activewear, Inc. has a 52 week low of $40.17 and a 52 week high of $73.69. The stock has a market cap of $10.81 billion, a PE ratio of 22.28 and a beta of 1.13. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16.

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

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a dividend of $0.249 per share. This is an increase from Gildan Activewear's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, March 19th. Gildan Activewear's dividend payout ratio (DPR) is 38.17%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GIL shares. UBS Group reiterated a "buy" rating and issued a $110.00 price target (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Royal Bank Of Canada decreased their target price on Gildan Activewear from $79.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, March 2nd. TD Securities reaffirmed a "buy" rating and issued a $77.00 price objective on shares of Gildan Activewear in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gildan Activewear in a research report on Monday, December 29th. Finally, Stifel Nicolaus increased their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

Want to see what other hedge funds are holding GIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.