Gildan Activewear, Inc. $GIL Stake Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 414,183 shares of the textile maker’s stock after selling 52,733 shares during the period. Segall Bryant & Hamill LLC’s holdings in Gildan Activewear were worth $23,049,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GIL. Bank of America Corp DE boosted its holdings in shares of Gildan Activewear by 13.4% in the first quarter. Bank of America Corp DE now owns 1,797,429 shares of the textile maker’s stock worth $100,027,000 after buying an additional 212,217 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Gildan Activewear by 0.9% during the first quarter. Janus Henderson Group PLC now owns 10,593,203 shares of the textile maker’s stock valued at $589,508,000 after acquiring an additional 98,134 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Gildan Activewear by 22.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,626 shares of the textile maker’s stock valued at $202,000 after acquiring an additional 672 shares during the period. Royal Bank of Canada lifted its position in shares of Gildan Activewear by 20.9% in the 1st quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock valued at $384,629,000 after acquiring an additional 1,193,718 shares in the last quarter. Finally, Rubric Capital Management LP lifted its position in shares of Gildan Activewear by 444.4% in the 1st quarter. Rubric Capital Management LP now owns 1,395,790 shares of the textile maker’s stock valued at $77,676,000 after acquiring an additional 1,139,392 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear News Roundup

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Scotia raised its price target for GIL from $65 to $67 and upgraded the stock to “sector outperform,” implying approximately 20% upside from the cited market price. BayStreet.CA analyst rating
• Positive Sentiment: Gildan reported second-quarter adjusted earnings of $1.28 per share, beating the $1.11 consensus estimate and rising from $0.97 a year earlier. Revenue from continuing operations reached $1.58 billion, up 72.3% year over year, while operating margin was 11.1% and adjusted operating margin was 22.3%. The company also updated its full-year 2026 guidance. Gildan second-quarter results
• Positive Sentiment: The company declared a quarterly dividend of $0.249 per share, payable September 14 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.8%, supporting the stock’s income appeal.
• Positive Sentiment: Gildan announced the sale of HanesBrands Australia, a move that could simplify its portfolio and sharpen focus on core operations. Retail Insider report
• Neutral Sentiment: Despite adjusted earnings strength, reported coverage highlighted a $50 million quarterly net loss, and revenue of $1.58 billion was below the $1.61 billion analyst consensus. MarketBeat earnings report
• Neutral Sentiment: Unusually high trading in Gildan put options signals that some investors are positioning for downside, although options activity alone does not establish the stock’s future direction. Put options report
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims alleging that Gildan may have issued materially misleading business information. The investigation could create legal costs, reputational risk and uncertainty for shareholders, although no wrongdoing has been established. Rosen Law Firm investigation

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GIL shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective (up from $78.00) on shares of Gildan Activewear in a research note on Friday. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Scotia upped their target price on Gildan Activewear from $65.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday. Scotiabank reaffirmed a “sector outperform” rating and set a $67.00 price target (up from $65.00) on shares of Gildan Activewear in a research note on Friday. Finally, Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.07.

Gildan Activewear Stock Performance

GIL stock opened at $55.38 on Friday. The firm has a 50 day moving average of $54.45 and a two-hundred day moving average of $59.46. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 106.50 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 results on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 22.00%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the firm earned $0.97 EPS. Gildan Activewear’s revenue for the quarter was up 72.3% on a year-over-year basis. As a group, equities analysts anticipate that Gildan Activewear, Inc. will post 4.7 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 20th. Gildan Activewear’s dividend payout ratio is presently 190.38%.

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.