SG Americas Securities LLC Sells 10,258 Shares of Gildan Activewear, Inc. $GIL

SG Americas Securities LLC reduced its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 83.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,022 shares of the textile maker’s stock after selling 10,258 shares during the period. SG Americas Securities LLC’s holdings in Gildan Activewear were worth $113,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after buying an additional 1,561,729 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Gildan Activewear by 41.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock worth $429,382,000 after acquiring an additional 2,001,279 shares during the period. Caisse de depot et placement du Quebec raised its holdings in shares of Gildan Activewear by 1,695.7% during the fourth quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock worth $390,539,000 after acquiring an additional 5,892,514 shares during the period. The Manufacturers Life Insurance Company lifted its position in Gildan Activewear by 27.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,797,077 shares of the textile maker’s stock valued at $363,102,000 after acquiring an additional 1,252,985 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Gildan Activewear by 16.4% in the 4th quarter. Royal Bank of Canada now owns 5,717,871 shares of the textile maker’s stock valued at $357,138,000 after acquiring an additional 805,396 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 1.5%

Shares of GIL stock opened at $51.72 on Tuesday. The firm’s fifty day moving average price is $55.95 and its two-hundred day moving average price is $60.48. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year high of $73.69. The firm has a market capitalization of $9.58 billion, a P/E ratio of 30.42 and a beta of 1.11.

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

Gildan Activewear Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is presently 58.82%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GIL. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Scotiabank reaffirmed a “sector outperform” rating and set a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a report on Wednesday, June 17th. Finally, Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.21.

Gildan Activewear 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.