79,590 Shares in Gildan Activewear, Inc. $GIL Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 79,590 shares of the textile maker’s stock, valued at approximately $4,429,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GIL. Washburn Capital Management Inc. grew its position in shares of Gildan Activewear by 3.8% in the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock valued at $266,000 after purchasing an additional 157 shares during the last quarter. Fifth Third Bancorp lifted its stake in Gildan Activewear by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after buying an additional 192 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Gildan Activewear by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock valued at $549,000 after buying an additional 193 shares in the last quarter. Tacita Capital Inc grew its holdings in Gildan Activewear by 1.9% during the 4th quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock valued at $704,000 after buying an additional 211 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Gildan Activewear by 2.1% during the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on GIL shares. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Scotiabank restated a “sector outperform” rating and issued a $65.00 target price (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Weiss Ratings downgraded shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and a consensus price target of $78.21.

Gildan Activewear Stock Down 0.3%

Shares of NYSE GIL opened at $51.53 on Wednesday. Gildan Activewear, Inc. has a 52-week low of $46.00 and a 52-week high of $73.69. The firm has a fifty day moving average of $55.78 and a 200-day moving average of $60.40. The stock has a market capitalization of $9.54 billion, a PE ratio of 30.31 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 2.35 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 63.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, analysts anticipate that Gildan Activewear, Inc. will post 4.25 EPS for the current year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.249 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.9%. Gildan Activewear’s dividend payout ratio is currently 58.82%.

About Gildan Activewear

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.