Pinnbrook Capital Management LP Invests $5.93 Million in Gildan Activewear, Inc. $GIL

Pinnbrook Capital Management LP purchased a new position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, Holdings Channel.com reports. The firm purchased 94,948 shares of the textile maker’s stock, valued at approximately $5,930,000.

A number of other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of Gildan Activewear by 49.3% during the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after purchasing an additional 4,360 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after purchasing an additional 503,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Gildan Activewear by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock worth $8,251,000 after purchasing an additional 4,714 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after purchasing an additional 259 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Gildan Activewear during the 2nd quarter worth $317,000. 82.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GIL has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Stifel Nicolaus raised their price objective on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. TD Securities reissued a “buy” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research note on Tuesday, January 27th. BMO Capital Markets raised their price objective on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.77.

Gildan Activewear Stock Performance

NYSE GIL opened at $58.10 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 34.18 and a beta of 1.10. The company’s fifty day moving average is $57.64 and its two-hundred day moving average is $61.31. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly 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 analyst estimates of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business’s quarterly revenue was up 63.8% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be given a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 58.82%.

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.