Gildan Activewear, Inc. $GIL Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd decreased its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,848,156 shares of the textile maker’s stock after selling 564,050 shares during the period. Gildan Activewear accounts for approximately 2.2% of JARISLOWSKY FRASER Ltd’s investment portfolio, making the stock its 14th largest position. JARISLOWSKY FRASER Ltd’s holdings in Gildan Activewear were worth $395,711,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Maseco LLP purchased a new stake in shares of Gildan Activewear in the 2nd quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its holdings in Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Gildan Activewear by 240.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 521 shares during the last quarter. Assetmark Inc. raised its position in Gildan Activewear by 5,200.0% in the second quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,092 shares during the period. Finally, Blue Trust Inc. lifted its stake in Gildan Activewear by 51.4% during the second quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock worth $100,000 after purchasing an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GIL shares. Zacks Research cut Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Wall Street Zen cut Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Saturday, September 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a research report on Monday. National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a research note on Thursday, October 23rd. Finally, Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and upped their target price for the stock from $60.00 to $63.00 in a research note on Monday, October 20th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.46.

Gildan Activewear Trading Up 0.7%

GIL opened at $62.88 on Friday. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $65.43. The company has a market cap of $11.64 billion, a P/E ratio of 20.09 and a beta of 1.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01. The business’s 50-day simple moving average is $59.32 and its 200-day simple moving average is $55.98.

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 the consensus estimate of $0.98 by $0.02. The firm had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. As a group, equities research analysts expect that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 19th were given a $0.226 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. Gildan Activewear’s payout ratio is 28.75%.

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.