Gildan Activewear, Inc. $GIL Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 30.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 900,760 shares of the textile maker’s stock after selling 402,730 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.60% of Gildan Activewear worth $52,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its stake in shares of Gildan Activewear by 65.2% during the 1st quarter. Baird Financial Group Inc. now owns 8,216 shares of the textile maker’s stock worth $363,000 after buying an additional 3,244 shares in the last quarter. AQR Capital Management LLC grew its holdings in Gildan Activewear by 49.3% during the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after acquiring an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its position in Gildan Activewear by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after acquiring an additional 503,359 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Gildan Activewear by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock valued at $8,251,000 after acquiring an additional 4,714 shares during the period. Finally, Plato Investment Management Ltd lifted its holdings in Gildan Activewear by 684.2% in the first quarter. Plato Investment Management Ltd now owns 4,619 shares of the textile maker’s stock valued at $206,000 after acquiring an additional 4,030 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GIL. Citigroup downgraded shares of Gildan Activewear from a “buy” rating to a “neutral” rating and increased their price target for the company from $60.00 to $63.00 in a report on Monday, October 20th. TD Cowen increased their target price on shares of Gildan Activewear from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, October 6th. TD Securities reiterated a “buy” rating and set a $74.00 price target on shares of Gildan Activewear in a research report on Thursday, October 30th. National Bankshares restated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Finally, Zacks Research downgraded Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and an average price target of $74.46.

Gildan Activewear Stock Up 0.2%

Shares of NYSE GIL opened at $64.32 on Wednesday. The firm’s 50-day moving average is $59.45 and its two-hundred day moving average is $56.35. The company has a market capitalization of $11.91 billion, a PE ratio of 20.55 and a beta of 1.11. Gildan Activewear, Inc. has a 12-month low of $37.16 and a 12-month high of $65.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Wednesday, October 29th. The textile maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Gildan Activewear had a net margin of 14.13% and a return on equity of 35.53%. The business had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $925.24 million. During the same period last year, the company posted $0.85 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Gildan Activewear has set its FY 2025 guidance at 3.450-3.510 EPS. Equities analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is currently 28.75%.

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.