Natixis Advisors LLC Sells 85,666 Shares of Gildan Activewear, Inc. $GIL

Natixis Advisors LLC reduced its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,499 shares of the textile maker’s stock after selling 85,666 shares during the quarter. Natixis Advisors LLC’s holdings in Gildan Activewear were worth $23,079,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GIL. Webster Bank N. A. bought a new position in shares of Gildan Activewear during the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC grew its stake in shares of Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after purchasing an additional 343 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Gildan Activewear by 867.9% in the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock worth $30,000 after purchasing an additional 460 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Gildan Activewear by 169.0% in the third 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 during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $57.69 on Friday. The stock’s 50 day simple moving average is $57.84 and its two-hundred day simple moving average is $61.43. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 33.93 and a beta of 1.08. Gildan Activewear, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts expect that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s payout ratio is presently 58.82%.

Wall Street Analyst Weigh In

GIL has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a research note on Friday, May 1st. UBS Group reissued a “buy” rating on shares of Gildan Activewear in a research note on Wednesday. Stifel Nicolaus raised their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada cut their target price on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

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.