Gildan Activewear, Inc. $GIL Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,303,490 shares of the textile maker’s stock after purchasing an additional 164,105 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Gildan Activewear were worth $64,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GIL. Maseco LLP acquired a new position in shares of Gildan Activewear during the 2nd quarter worth approximately $26,000. Olde Wealth Management LLC acquired a new position in shares of Gildan Activewear during the 1st quarter worth approximately $29,000. Twin Tree Management LP acquired a new position in shares of Gildan Activewear during the 1st quarter worth approximately $29,000. GAMMA Investing LLC boosted its holdings 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 worth $33,000 after purchasing an additional 735 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings 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 worth $33,000 after purchasing an additional 623 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIL has been the topic of several recent research reports. CIBC boosted their target price on Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a report on Friday, August 1st. Canaccord Genuity Group upped their price objective on Gildan Activewear from $60.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Wall Street Zen cut Gildan Activewear from a “buy” rating to a “hold” rating in a report on Saturday, September 6th. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th. Finally, Barclays upped their price objective on Gildan Activewear from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Gildan Activewear Stock Up 1.9%

Shares of NYSE GIL opened at $60.96 on Friday. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.92 and a beta of 1.20. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37. Gildan Activewear, Inc. has a 52-week low of $37.16 and a 52-week high of $61.16. The business’s 50 day moving average is $54.76 and its two-hundred day moving average is $49.53.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The company 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 firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.400-3.560 EPS. Research analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were given a $0.226 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.5%. Gildan Activewear’s payout ratio is presently 28.57%.

Gildan Activewear Company Profile

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.