Willis Investment Counsel Raises Stake in Gildan Activewear, Inc. $GIL

Willis Investment Counsel raised its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 87.8% during the second quarter, Holdings Channel reports. The fund owned 53,156 shares of the textile maker’s stock after buying an additional 24,853 shares during the period. Willis Investment Counsel’s holdings in Gildan Activewear were worth $2,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GIL. Maseco LLP purchased a new stake in shares of Gildan Activewear in the 2nd quarter valued at $26,000. Twin Tree Management LP bought a new position in shares of Gildan Activewear during the first quarter valued at about $29,000. Assetmark Inc. grew its stake in shares of Gildan Activewear by 5,200.0% during the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after buying an additional 1,092 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Gildan Activewear by 51.4% in the second quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock worth $100,000 after buying an additional 687 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Gildan Activewear in the 1st quarter valued at about $129,000. 82.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on GIL shares. CIBC raised their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a research report on Friday, August 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, August 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Gildan Activewear in a report on Monday. UBS Group set a $80.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Desjardins increased their target price on shares of Gildan Activewear from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.15.

Gildan Activewear Stock Performance

Shares of GIL opened at $55.82 on Friday. The company has a 50-day simple moving average of $58.22 and a two-hundred day simple moving average of $53.37. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.87 and a quick ratio of 1.67. The firm has a market capitalization of $8.32 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $62.56.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $910.60 million for the quarter, compared to the consensus estimate of $925.24 million. Gildan Activewear had a return on equity of 35.90% and a net margin of 14.13%.The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. On average, analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be issued a $0.226 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. Gildan Activewear’s dividend payout ratio is 28.75%.

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.