Gildan Activewear, Inc. $GIL Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 103.5% during the fourth quarter, HoldingsChannel reports. The firm owned 205,154 shares of the textile maker’s stock after purchasing an additional 104,354 shares during the quarter. Gildan Activewear comprises about 1.1% of Hodges Capital Management Inc.’s holdings, making the stock its 25th largest holding. Hodges Capital Management Inc.’s holdings in Gildan Activewear were worth $12,814,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Webster Bank N. A. acquired a new position in shares of Gildan Activewear during the fourth quarter worth $25,000. Larson Financial Group LLC lifted its position in shares of Gildan Activewear by 3,516.7% during the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Gildan Activewear by 867.9% during the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Gildan Activewear by 169.0% during the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after purchasing an additional 338 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GIL shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Royal Bank Of Canada reduced their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Trading Down 3.5%

GIL opened at $57.10 on Thursday. The stock has a market capitalization of $10.57 billion, a PE ratio of 33.59 and a beta of 1.08. The firm’s fifty day moving average price is $58.03 and its 200 day moving average price is $61.50. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69.

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

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be issued a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.7%. Gildan Activewear’s dividend payout ratio is currently 58.82%.

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.