33,060 Shares in Gildan Activewear, Inc. $GIL Bought by RBF Capital LLC

RBF Capital LLC acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,060 shares of the textile maker’s stock, valued at approximately $2,065,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GIL. Norges Bank purchased a new stake in Gildan Activewear in the fourth quarter valued at about $151,018,000. Brandes Investment Partners LP purchased a new stake in Gildan Activewear in the fourth quarter valued at about $99,870,000. Vanguard Group Inc. raised its stake in Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after buying an additional 1,561,729 shares during the last quarter. Lazard Asset Management LLC raised its stake in Gildan Activewear by 95.2% in the third quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock valued at $161,749,000 after buying an additional 1,364,953 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Gildan Activewear by 27.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,797,077 shares of the textile maker’s stock valued at $363,102,000 after buying an additional 1,252,985 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Stock Down 18.6%

Gildan Activewear stock opened at $50.47 on Wednesday. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 29.69 and a beta of 1.08. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The business’s 50-day moving average price is $58.28 and its 200 day moving average price is $61.53. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32.

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

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were issued a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 58.82%.

Analyst Ratings Changes

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

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.