Oxbow Advisors LLC Acquires 26,232 Shares of Gildan Activewear, Inc. $GIL

Oxbow Advisors LLC raised its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 29.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,939 shares of the textile maker’s stock after buying an additional 26,232 shares during the period. Oxbow Advisors LLC owned about 0.06% of Gildan Activewear worth $6,452,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Islay Capital Management LLC bought a new stake in shares of Gildan Activewear during the 4th quarter valued at $25,000. Webster Bank N. A. bought a new position in Gildan Activewear in the 4th quarter worth $25,000. Larson Financial Group LLC raised 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 worth $27,000 after purchasing an additional 422 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Gildan Activewear by 14,833.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in Gildan Activewear during the fourth quarter valued at $32,000. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Up 0.0%

Shares of GIL stock opened at $51.50 on Friday. 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 one year low of $46.00 and a one year high of $73.69. The company’s fifty day moving average price is $56.80 and its 200-day moving average price is $60.98. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 30.30 and a beta of 1.11.

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

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th were paid a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Gildan Activewear’s dividend payout ratio is 58.82%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GIL. Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. Scotiabank reaffirmed a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday, June 17th. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Finally, UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.21.

Gildan Activewear Company 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.