Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Gildan Activewear, Inc. $GIL

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 31.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,147 shares of the textile maker’s stock after buying an additional 33,468 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Gildan Activewear worth $8,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Webster Bank N. A. purchased a new position in shares of Gildan Activewear in the 4th quarter worth approximately $25,000. Nisa Investment Advisors LLC acquired a new stake in shares of Gildan Activewear in the 4th quarter worth $32,000. Brown Brothers Harriman & Co. boosted its position in shares of Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares in the last quarter. Maseco LLP acquired a new stake in shares of Gildan Activewear in the 4th quarter worth $33,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Gildan Activewear by 169.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the textile maker’s stock worth $31,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GIL. Zacks Research cut Gildan Activewear from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Gildan Activewear in a research report on Monday, December 29th. BMO Capital Markets increased their price objective on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Royal Bank Of Canada decreased their price objective on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.08.

Gildan Activewear Trading Down 1.4%

NYSE GIL opened at $59.87 on Friday. The company has a market capitalization of $11.09 billion, a PE ratio of 22.85 and a beta of 1.13. The company has a fifty day moving average of $61.51 and a 200 day moving average of $61.59. Gildan Activewear, Inc. has a 1 year low of $41.61 and a 1 year high of $73.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.11 and a quick ratio of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion. Gildan Activewear had a net margin of 11.02% and a return on equity of 27.32%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Research analysts forecast that Gildan Activewear, Inc. will post 4.26 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a dividend of $0.249 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, March 19th. Gildan Activewear’s dividend payout ratio (DPR) is 38.17%.

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.