Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 9,690 Shares of Gildan Activewear, Inc. $GIL

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 36.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,220 shares of the textile maker’s stock after purchasing an additional 9,690 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Gildan Activewear were worth $2,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GIL. Vanguard Group Inc. lifted its stake in Gildan Activewear by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,005,233 shares of the textile maker’s stock valued at $346,928,000 after acquiring an additional 32,917 shares during the last quarter. Mackenzie Financial Corp raised its stake in Gildan Activewear by 9.6% in the third quarter. Mackenzie Financial Corp now owns 4,858,829 shares of the textile maker’s stock valued at $280,639,000 after buying an additional 424,809 shares during the period. Lazard Asset Management LLC lifted its position in shares of 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. Goldman Sachs Group Inc. increased its holdings in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after acquiring an additional 503,359 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in Gildan Activewear by 30.4% during the 3rd quarter. Bahl & Gaynor Inc. now owns 1,457,591 shares of the textile maker’s stock valued at $84,249,000 after purchasing an additional 339,959 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Trading Up 0.4%

GIL stock opened at $60.75 on Thursday. Gildan Activewear, Inc. has a 52 week low of $41.61 and a 52 week high of $73.69. The company has a market capitalization of $11.25 billion, a PE ratio of 23.19 and a beta of 1.13. The company’s 50-day simple moving average is $61.76 and its 200 day simple moving average is $61.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 2.11.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.35). Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.83 EPS. Gildan Activewear’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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 4.26 earnings per share for the current year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, March 19th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s dividend payout ratio is currently 38.17%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GIL shares. Weiss Ratings restated a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. Scotiabank upped their price target on shares of Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research note on Monday, March 2nd. Zacks Research downgraded shares of Gildan Activewear from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. National Bank Financial boosted their price objective on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, BMO Capital Markets upped their target price on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Gildan Activewear presently has an average rating of “Moderate Buy” and an average price target of $80.08.

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.