TD Asset Management Inc Has $71.90 Million Holdings in Gildan Activewear, Inc. $GIL

TD Asset Management Inc increased its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 40.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,148,828 shares of the textile maker’s stock after purchasing an additional 329,564 shares during the period. TD Asset Management Inc’s holdings in Gildan Activewear were worth $71,901,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GIL. Polar Asset Management Partners Inc. acquired a new position in Gildan Activewear during the 3rd quarter worth approximately $2,082,000. Wedge Capital Management L L P NC acquired a new position in Gildan Activewear during the 4th quarter worth approximately $36,866,000. Envestnet Asset Management Inc. grew its holdings in Gildan Activewear by 9.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after acquiring an additional 39,072 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Gildan Activewear by 257.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 49,176 shares of the textile maker’s stock worth $2,842,000 after acquiring an additional 35,436 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Gildan Activewear by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 615,792 shares of the textile maker’s stock worth $35,593,000 after acquiring an additional 21,078 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $57.69 on Friday. The firm has a market cap of $10.68 billion, a PE ratio of 33.93 and a beta of 1.08. The firm’s 50-day simple moving average is $57.84 and its 200-day simple moving average is $61.43. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is 58.82%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada lowered their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Wednesday. Finally, Scotiabank lowered their target price on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus price target of $79.77.

Gildan Activewear Profile

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.