Gildan Activewear, Inc. $GIL Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 744,881 shares of the textile maker’s stock after selling 46,401 shares during the period. Gildan Activewear accounts for about 1.8% of Marathon Asset Management Ltd’s portfolio, making the stock its 22nd largest position. Marathon Asset Management Ltd’s holdings in Gildan Activewear were worth $46,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GIL. Polar Asset Management Partners Inc. acquired a new stake in Gildan Activewear during the 3rd quarter valued at approximately $2,082,000. Wedge Capital Management L L P NC acquired a new stake in Gildan Activewear during the 4th quarter valued at approximately $36,866,000. Envestnet Asset Management Inc. lifted its stake in Gildan Activewear by 9.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock valued at $26,873,000 after acquiring an additional 39,072 shares during the period. Intact Investment Management Inc. lifted its stake in Gildan Activewear by 1.7% during the 3rd quarter. Intact Investment Management Inc. now owns 1,153,759 shares of the textile maker’s stock valued at $66,661,000 after acquiring an additional 19,196 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Gildan Activewear by 257.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 49,176 shares of the textile maker’s stock valued at $2,842,000 after acquiring an additional 35,436 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

GIL opened at $54.64 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The firm has a fifty day moving average price of $57.81 and a 200 day moving average price of $61.32. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year high of $73.69. The stock has a market cap of $10.12 billion, a P/E ratio of 32.14 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.59 EPS. The business’s 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. Equities research analysts anticipate that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 1.8%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is currently 58.82%.

Analyst Ratings Changes

Several analysts have commented on GIL shares. National Bank Financial lifted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings cut shares of Gildan Activewear from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Stifel Nicolaus lifted their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Scotiabank decreased their price objective on shares of Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating for the company in a research note on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Gildan Activewear currently 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.