VELA Investment Management LLC Makes New $3.10 Million Investment in Gildan Activewear, Inc. $GIL

Key Points

• VELA Investment Management opened a new position in Gildan, buying 49,688 shares valued at approximately $3.10 million, while institutional ownership is high (82.83%) and other large funds (Vanguard, Mackenzie, Lazard, Goldman) materially increased stakes.
• Gildan reported an adjusted Q1 EPS of $0.43 beating estimates with record revenue up ~63.8% after the HanesBrands consolidation, and reiterated FY‑2026 guidance (EPS 4.20–4.40, revenue ~$6.0–$6.2B) and ~$250M synergy target, but GAAP results showed a $0.30 loss and near‑term margin pressure.
• Class‑action and fraud investigations tied to the company’s past CEO removal/reinstatement create regulatory, reputational and potential legal‑cost risks that could weigh on the stock.

VELA Investment Management LLC acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 49,688 shares of the textile maker's stock, valued at approximately $3,104,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Gildan Activewear by 26.0% during the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker's stock worth $472,964,000 after buying an additional 1,561,729 shares during the period. Mackenzie Financial Corp increased its position in Gildan Activewear by 9.6% during the 3rd quarter. Mackenzie Financial Corp now owns 4,858,829 shares of the textile maker's stock worth $280,639,000 after buying an additional 424,809 shares during the period. Lazard Asset Management LLC increased its position in Gildan Activewear by 95.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker's stock worth $161,749,000 after buying an additional 1,364,953 shares during the period. Goldman Sachs Group Inc. increased its position in Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker's stock worth $77,838,000 after buying an additional 503,359 shares during the period. Finally, Bahl & Gaynor Inc. increased its position in shares of Gildan Activewear by 30.4% in the third quarter. Bahl & Gaynor Inc. now owns 1,457,591 shares of the textile maker's stock worth $84,249,000 after purchasing an additional 339,959 shares during the period. Institutional investors own 82.83% of the company's stock.

Key Headlines Impacting Gildan Activewear

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 Stock Performance

Shares of GIL stock opened at $61.47 on Friday. The business's 50-day moving average price is $60.14 and its 200-day moving average price is $61.51. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 36.16 and a beta of 1.10. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16.

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

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear's payout ratio is currently 38.17%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GIL. Royal Bank Of Canada decreased their price target on Gildan Activewear from $79.00 to $78.00 and set an "outperform" rating on the stock in a research report on Monday, March 2nd. Scotiabank raised their price target on Gildan Activewear from $72.00 to $74.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 2nd. Stifel Nicolaus raised their price target on Gildan Activewear from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce restated an "outperform" rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Friday. Finally, TD Securities restated a "buy" rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Tuesday, January 27th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $79.92.

About Gildan Activewear

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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