Gildan Activewear, Inc. $GIL Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,549 shares of the textile maker’s stock after selling 30,518 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Gildan Activewear were worth $15,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Webster Bank N. A. purchased a new stake in Gildan Activewear during the 4th quarter worth $25,000. Islay Capital Management LLC purchased a new position in Gildan Activewear in the 4th quarter valued at about $25,000. Larson Financial Group LLC boosted its position in Gildan Activewear by 3,516.7% in the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after buying an additional 422 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 445 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of NYSE GIL opened at $54.06 on Monday. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32. The firm’s 50-day moving average price is $55.38 and its two-hundred day moving average price is $60.20. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The stock has a market capitalization of $10.01 billion, a P/E ratio of 31.80 and a beta of 1.11.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The business’s revenue was up 63.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, sell-side analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 20th were given a dividend of $0.249 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Gildan Activewear’s payout ratio is currently 58.82%.

Analyst Upgrades and Downgrades

GIL has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Friday, May 1st. Zacks Research upgraded Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Scotiabank reiterated a “sector outperform” rating and set a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a research note on Wednesday, June 17th. Finally, Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and an average 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.