Prescott Group Capital Management L.L.C. Purchases Shares of 35,257 Gildan Activewear, Inc. $GIL

Prescott Group Capital Management L.L.C. purchased a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,257 shares of the textile maker’s stock, valued at approximately $2,202,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. bought a new stake in Gildan Activewear in the 4th quarter valued at $25,000. Larson Financial Group LLC increased its holdings in Gildan Activewear by 3,516.7% in the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after buying an additional 422 shares during the period. Nisa Investment Advisors LLC bought a new stake in Gildan Activewear in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. increased its holdings in Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after buying an additional 460 shares during the period. Finally, Maseco LLP bought a new stake in Gildan Activewear in the 4th quarter valued at $33,000. Institutional investors own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank lowered their price target on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Stifel Nicolaus increased 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. Weiss Ratings cut shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Royal Bank Of Canada dropped their target price on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Finally, Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

Gildan Activewear Stock Up 4.4%

Shares of NYSE:GIL opened at $57.09 on Thursday. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The company’s 50-day moving average price is $57.72 and its two-hundred day moving average price is $61.31. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The firm has a market cap of $10.57 billion, a P/E ratio of 33.58 and a beta of 1.10.

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

Gildan Activewear Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is 58.82%.

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.