Vanguard Group Inc. Trims Stock Holdings in Gildan Activewear, Inc. $GIL

Vanguard Group Inc. lowered its position in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 0.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,064,554 shares of the textile maker's stock after selling 18,932 shares during the period. Vanguard Group Inc. owned 4.00% of Gildan Activewear worth $268,114,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in shares of Gildan Activewear during the 1st quarter valued at $29,000. Versant Capital Management Inc lifted its position in shares of Gildan Activewear by 510.7% during the 1st quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock valued at $33,000 after acquiring an additional 623 shares during the period. GAMMA Investing LLC lifted its position in shares of Gildan Activewear by 4,323.5% during the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock valued at $33,000 after acquiring an additional 735 shares during the period. Blue Trust Inc. lifted its position in shares of Gildan Activewear by 69.3% during the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock valued at $59,000 after acquiring an additional 547 shares during the period. Finally, Natixis lifted its position in shares of Gildan Activewear by 423.8% during 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 and hedge funds own 82.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on GIL shares. Barclays upped their price objective on shares of Gildan Activewear from $51.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Canaccord Genuity Group upped their price objective on shares of Gildan Activewear from $60.00 to $67.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Scotiabank restated an "outperform" rating on shares of Gildan Activewear in a report on Thursday, August 14th. Stifel Nicolaus upped their price objective on shares of Gildan Activewear from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Cfra Research upgraded shares of Gildan Activewear to a "hold" rating in a research note on Monday, August 4th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Gildan Activewear has a consensus rating of "Moderate Buy" and a consensus target price of $64.58.

Gildan Activewear Stock Performance

NYSE GIL traded up $1.4030 during trading hours on Friday, reaching $55.6130. 220,997 shares of the company were exchanged, compared to its average volume of 769,206. Gildan Activewear, Inc. has a 1 year low of $37.16 and a 1 year high of $57.76. The business's 50 day simple moving average is $51.06 and its 200-day simple moving average is $48.52. 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 stock has a market capitalization of $8.30 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.75 and a beta of 1.17.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data 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. Gildan Activewear had a net margin of 14.55% and a return on equity of 34.31%. The business had revenue of $918.50 million during the quarter, compared to the consensus estimate of $908.41 million. During the same quarter last year, the company posted $0.74 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. On average, equities research 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 issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, August 21st. Gildan Activewear's dividend payout ratio (DPR) 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.