Triasima Portfolio Management inc. Makes New $4.35 Million Investment in Gildan Activewear, Inc. $GIL

Key Points

• Triasima Portfolio Management bought a new position in Gildan Activewear, acquiring 69,550 shares worth about $4.35 million in the fourth quarter.
• Gildan beat Q1 expectations with adjusted EPS of $0.43 vs. $0.36 and record revenue up ~63.8% after the HanesBrands consolidation, and the company reiterated FY‑2026 guidance (EPS 4.20–4.40) and a ~ $250M three‑year synergy target.
• Risks remain: GAAP results showed a Q1 diluted loss of $0.30 and compressed margins, and Gildan is facing a class‑action/fraud investigation tied to past governance issues, which could produce legal costs and reputational downside.

Triasima Portfolio Management inc. purchased a new position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,550 shares of the textile maker's stock, valued at approximately $4,353,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Washburn Capital Management Inc. increased its stake 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 worth $266,000 after acquiring an additional 157 shares during the last quarter. Integrated Advisors Network LLC increased its stake in Gildan Activewear by 3.0% during the third quarter. Integrated Advisors Network LLC now owns 6,365 shares of the textile maker's stock worth $368,000 after acquiring an additional 185 shares during the last quarter. Signaturefd LLC increased its stake in Gildan Activewear by 2.8% during the third quarter. Signaturefd LLC now owns 7,659 shares of the textile maker's stock worth $443,000 after acquiring an additional 209 shares during the last quarter. Cetera Investment Advisers increased its stake in Gildan Activewear by 2.1% during the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker's stock worth $616,000 after acquiring an additional 259 shares during the last quarter. Finally, Tacita Capital Inc increased its stake in Gildan Activewear by 2.5% during the third quarter. Tacita Capital Inc now owns 11,039 shares of the textile maker's stock worth $638,000 after acquiring an additional 270 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GIL has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $77.00 target price on shares of Gildan Activewear in a research note on Friday. Scotiabank increased their target price on Gildan Activewear from $72.00 to $74.00 and gave the company a "sector outperform" rating in a research note on Monday, March 2nd. Stifel Nicolaus increased their target price on Gildan Activewear from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. National Bank Financial increased their target price on Gildan Activewear from $92.00 to $97.00 and gave the company an "outperform" rating in a research note on Monday, February 2nd. Finally, Zacks Research lowered Gildan Activewear from a "hold" rating to a "strong sell" rating in a research note on Monday, February 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of "Moderate Buy" and an average price target of $79.92.

Gildan Activewear Price Performance

GIL stock opened at $61.47 on Monday. 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 1 year low of $46.00 and a 1 year high of $73.69. The firm has a market cap of $11.38 billion, a P/E ratio of 36.16 and a beta of 1.10. The stock has a 50-day simple moving average of $60.14 and a 200-day simple moving average of $61.52.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a return on equity of 24.48% and a net margin of 6.10%.The company's revenue for the quarter was up 63.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities analysts predict that Gildan Activewear, Inc. will post 4.26 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear's dividend payout ratio is currently 58.24%.

Gildan Activewear News Summary

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS of $0.43 vs. $0.36 est. and record first‑quarter revenue up ~63.8% year‑over‑year as HanesBrands was fully consolidated; company reiterated full‑year guidance and synergy targets, which supports medium‑term earnings power. Gildan Reports Record First Quarter Revenue and Maintains its Full Year 2026 Guidance
• Positive Sentiment: Company maintained FY‑2026 EPS guidance (4.20–4.40) and revenue range (~$6.0–$6.2B) and reiterated expected synergy run‑rate (~$250M over three years), giving investors a clearer earnings trajectory post‑acquisition. Q1 release and call materials
• Positive Sentiment: Declared a quarterly cash dividend of $0.249/share (ex‑dividend May 20, payable June 15), which supports yield‑seeking demand and signals cash‑flow confidence.
• Neutral Sentiment: Shareholders re‑elected all nine management nominees, approved auditor reappointment, renewed the Shareholder Rights Plan and passed the non‑binding Say‑on‑Pay — governance items passed but litigation risk remains. Gildan Activewear Reports on Shareholders' Voting Results
• Negative Sentiment: Regulatory / litigation overhang: law firms launched a class action alert and a fraud investigation (Levi & Korsinsky) tied to past CEO removal/reinstatement and alleged governance failures — these actions create downside risk, potential legal fees and reputational damage. GIL Shareholder Alert: Gildan Activewear Inc. Class Action Lawsuit - Investors Should Contact Levi & Korsinsky Levi & Korsinsky Launches Fraud Investigation
• Negative Sentiment: GAAP results showed a loss for the quarter (GAAP diluted loss per share $0.30) and adjusted metrics reflect integration and inventory moves; near‑term margins were pressured (operating margin (0.1)% GAAP), which could weigh on sentiment until synergies are realized. Q1 press release: GAAP loss and adjusted metrics

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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