BCV Asset Management Inc. Sells 1,474,523 Shares of Gildan Activewear, Inc. $GIL

BCV Asset Management Inc. lowered its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 98.7% in the 3rd quarter, Holdings Channel reports. The firm owned 19,380 shares of the textile maker’s stock after selling 1,474,523 shares during the quarter. BCV Asset Management Inc.’s holdings in Gildan Activewear were worth $831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Gildan Activewear by 16.5% during the first quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after acquiring an additional 192 shares in the last quarter. Mather Group LLC. grew its position in shares of Gildan Activewear by 7.6% during the 3rd quarter. Mather Group LLC. now owns 3,468 shares of the textile maker’s stock valued at $148,000 after purchasing an additional 244 shares in the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd grew its position in shares of Gildan Activewear by 0.7% during the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker’s stock valued at $2,541,000 after purchasing an additional 392 shares in the last quarter. Cooper Financial Group increased its holdings in shares of Gildan Activewear by 3.2% in the third quarter. Cooper Financial Group now owns 13,270 shares of the textile maker’s stock worth $566,000 after purchasing an additional 407 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in Gildan Activewear by 12.8% during the first quarter. D.A. Davidson & CO. now owns 3,823 shares of the textile maker’s stock valued at $213,000 after buying an additional 433 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Gildan Activewear

These are some of the GIL headlines that stood out recently:

• Negative Sentiment: The lawsuit covers investors who bought Gildan shares from February 19, 2025, through June 15, 2026. One notice says the case followed a June 16 disclosure and alleges Gildan masked weak organic demand by stuffing distributor channels. Continued attention to the claims could weigh on sentiment and adds legal uncertainty. Article: SueWallSt Reminds Shareholders of Lead Plaintiff Deadline
• Neutral Sentiment: Multiple firms reminded investors that December 14, 2026, is the deadline to seek appointment as lead plaintiff. These notices largely repeat information about the existing case rather than announce a new development. Article: Kaplan Fox Notifies Investors of Upcoming Lead Plaintiff Deadline

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Scotiabank cut Gildan Activewear from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $53.00 to $39.00 in a research report on Friday, November 6th. Royal Bank Of Canada lowered their price target on Gildan Activewear from $70.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. TD Securities dropped their price target on Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Scotia boosted their price objective on Gildan Activewear from $65.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gildan Activewear in a report on Wednesday. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.42.

Gildan Activewear Stock Down 0.7%

Shares of NYSE GIL opened at $34.58 on Friday. The stock has a market capitalization of $6.40 billion, a P/E ratio of 8.27 and a beta of 1.15. Gildan Activewear, Inc. has a one year low of $31.33 and a one year high of $73.69. The firm’s 50 day simple moving average is $42.17 and its two-hundred day simple moving average is $54.39. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.32 and a quick ratio of 1.22.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.62 billion. As a group, analysts expect that Gildan Activewear, Inc. will post 4.24 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.2490 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Gildan Activewear’s payout ratio is 89.29%.

Gildan Activewear Company Profile

Gildan Activewear Inc. is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors. The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.