Bleakley Financial Group LLC Invests $638,000 in Gildan Activewear, Inc. $GIL

Bleakley Financial Group LLC bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 10,215 shares of the textile maker’s stock, valued at approximately $638,000.

Other institutional investors have also modified their holdings of the company. Polar Asset Management Partners Inc. acquired a new position in Gildan Activewear during the 3rd quarter worth approximately $2,082,000. Wedge Capital Management L L P NC acquired a new position in shares of Gildan Activewear in the 4th quarter valued at approximately $36,866,000. Envestnet Asset Management Inc. raised its position in shares of 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 in the last quarter. Public Sector Pension Investment Board raised its position in shares of 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Gildan Activewear by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 615,792 shares of the textile maker’s stock valued at $35,593,000 after acquiring an additional 21,078 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GIL. Scotiabank dropped their price target on Gildan Activewear from $74.00 to $72.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Royal Bank Of Canada lowered their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. National Bank Financial lifted their target price on Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Stock Down 0.3%

GIL opened at $60.98 on Friday. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69. The business has a 50-day moving average of $57.71 and a 200-day moving average of $61.40. 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 company has a market capitalization of $11.29 billion, a PE ratio of 35.87 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business earned $0.59 EPS. The business’s quarterly 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. Equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.249 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. Gildan Activewear’s dividend payout ratio is currently 58.82%.

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.