Louisbourg Investments Inc. Grows Position in Gildan Activewear, Inc. $GIL

Louisbourg Investments Inc. boosted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,548 shares of the textile maker’s stock after buying an additional 9,552 shares during the period. Gildan Activewear accounts for approximately 1.5% of Louisbourg Investments Inc.’s portfolio, making the stock its 14th biggest holding. Louisbourg Investments Inc. owned about 0.08% of Gildan Activewear worth $8,645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Webster Bank N. A. acquired a new position in shares of Gildan Activewear in the 4th quarter valued at $25,000. Islay Capital Management LLC purchased a new stake in Gildan Activewear in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its stake in Gildan Activewear by 3,516.7% during 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. Smartleaf Asset Management LLC boosted its stake in Gildan Activewear by 161.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in Gildan Activewear by 14,833.3% during 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 last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of NYSE:GIL opened at $52.90 on Friday. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69. The company has a 50-day moving average price of $57.60 and a 200 day moving average price of $61.23. The company has a market cap of $9.80 billion, a P/E ratio of 31.12 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32.

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

Gildan Activewear Announces Dividend

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

Wall Street Analyst Weigh In

GIL has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research note on Friday, May 1st. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Scotiabank restated a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus 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.