Renaissance Group LLC Sells 9,276 Shares of Gildan Activewear, Inc. $GIL

Renaissance Group LLC lessened its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,081 shares of the textile maker’s stock after selling 9,276 shares during the quarter. Renaissance Group LLC owned approximately 0.07% of Gildan Activewear worth $7,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hodges Capital Management Inc. boosted its position in Gildan Activewear by 103.5% during the fourth quarter. Hodges Capital Management Inc. now owns 205,154 shares of the textile maker’s stock valued at $12,814,000 after purchasing an additional 104,354 shares in the last quarter. Metis Global Partners LLC raised its holdings in Gildan Activewear by 22.9% in the fourth quarter. Metis Global Partners LLC now owns 10,427 shares of the textile maker’s stock worth $652,000 after purchasing an additional 1,944 shares in the last quarter. Deutsche Bank AG raised its holdings in Gildan Activewear by 74.6% in the fourth quarter. Deutsche Bank AG now owns 405,496 shares of the textile maker’s stock worth $25,327,000 after purchasing an additional 173,187 shares in the last quarter. Brandes Investment Partners LP purchased a new stake in shares of Gildan Activewear during the fourth quarter valued at about $99,870,000. Finally, Cerity Partners LLC lifted its position in shares of Gildan Activewear by 20.6% during the fourth quarter. Cerity Partners LLC now owns 26,259 shares of the textile maker’s stock valued at $1,640,000 after buying an additional 4,480 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GIL. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Royal Bank Of Canada reduced their price target on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a report on Wednesday, June 3rd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.77.

Gildan Activewear Stock Performance

GIL opened at $57.10 on Thursday. The company has a market cap of $10.57 billion, a P/E ratio of 33.59 and a beta of 1.08. 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 $58.03 and its 200-day moving average price is $61.50. 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 released its earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.59 EPS. Gildan Activewear’s revenue for the quarter was up 63.8% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

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

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.