PDT Partners LLC Purchases 35,503 Shares of Gildan Activewear, Inc. $GIL

Key Points

• PDT Partners LLC acquired an additional 35,503 shares of Gildan Activewear, increasing its holdings by 417.2%, bringing their total ownership to 44,012 shares valued at approximately $1.946 million.
• Gildan Activewear reported a quarterly EPS of **$0.97**, surpassing estimates of $0.96, with revenue of **$918.50 million**, marking a **6.5% year-over-year increase**.
• Wall Street analysts are optimistic about Gildan Activewear, with a consensus rating of "Moderate Buy" and an average target price of **$64.58**, indicating strong potential for growth.

PDT Partners LLC increased its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 417.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,012 shares of the textile maker's stock after purchasing an additional 35,503 shares during the quarter. PDT Partners LLC's holdings in Gildan Activewear were worth $1,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its stake in shares of Gildan Activewear by 134.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 229,554 shares of the textile maker's stock worth $10,154,000 after acquiring an additional 131,439 shares during the period. Twin Tree Management LP bought a new position in shares of Gildan Activewear during the 1st quarter worth approximately $29,000. Baird Financial Group Inc. boosted its stake in shares of Gildan Activewear by 65.2% during the 1st quarter. Baird Financial Group Inc. now owns 8,216 shares of the textile maker's stock worth $363,000 after acquiring an additional 3,244 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Gildan Activewear by 67.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,959,555 shares of the textile maker's stock worth $131,556,000 after acquiring an additional 1,189,921 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in shares of Gildan Activewear during the 1st quarter worth approximately $8,488,000. 82.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays lifted their target price on Gildan Activewear from $51.00 to $56.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their target price on Gildan Activewear from $61.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Stifel Nicolaus boosted their price target on Gildan Activewear from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. BMO Capital Markets restated an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Finally, National Bankshares restated an "outperform" rating on shares of Gildan Activewear in a research note on Thursday, August 14th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.58.

Gildan Activewear Price Performance

Shares of GIL traded up $0.39 during trading hours on Friday, hitting $55.46. 1,306,749 shares of the company were exchanged, compared to its average volume of 1,725,715. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.78 and a beta of 1.17. Gildan Activewear, Inc. has a fifty-two week low of $37.16 and a fifty-two week high of $57.76. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37. The firm's fifty day moving average is $52.66 and its 200 day moving average is $48.74.

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 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.01. The firm had revenue of $918.50 million for the quarter, compared to analyst estimates of $908.41 million. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%.The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. On average, equities analysts anticipate that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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 issued 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 yield of 1.6%. Gildan Activewear's dividend payout ratio is 28.57%.

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.