1,600,994 Gildan Activewear, Inc. $GIL Shares Bought by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. increased its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 169.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,548,094 shares of the textile maker’s stock after acquiring an additional 1,600,994 shares during the quarter. Gildan Activewear comprises 1.4% of Letko Brosseau & Associates Inc.’s holdings, making the stock its 26th largest position. Letko Brosseau & Associates Inc.’s holdings in Gildan Activewear were worth $108,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec purchased a new stake in Gildan Activewear in the 2nd quarter valued at about $601,931,000. Jupiter Topco LLC bought a new position in Gildan Activewear in the 2nd quarter worth about $573,363,000. The Manufacturers Life Insurance Company bought a new position in Gildan Activewear in the 2nd quarter worth about $234,764,000. Bank of America Corp DE bought a new position in Gildan Activewear in the 2nd quarter worth about $65,193,000. Finally, Royal Bank of Canada increased its position in shares of Gildan Activewear by 20.9% during the first quarter. Royal Bank of Canada now owns 6,911,589 shares of the textile maker’s stock worth $384,629,000 after acquiring an additional 1,193,718 shares during the period. Institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GIL. TD decreased their price target on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Stifel Nicolaus set a $83.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a research note on Friday, July 31st. UBS Group set a $38.00 price objective on Gildan Activewear and gave the stock a “neutral” rating in a research note on Friday, November 6th. Citigroup restated a “neutral” rating on shares of Gildan Activewear in a report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gildan Activewear in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.42.

Gildan Activewear Trading Down 2.8%

Shares of NYSE:GIL opened at $34.78 on Friday. The company has a market capitalization of $6.44 billion, a PE ratio of 8.50 and a beta of 1.15. The company has a current ratio of 2.32, a quick ratio of 1.22 and a debt-to-equity ratio of 1.07. Gildan Activewear, Inc. has a 12-month low of $31.33 and a 12-month high of $73.69. The business’s fifty day simple moving average is $42.55 and its 200-day simple moving average is $54.55.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a return on equity of 21.76% and a net margin of 3.77%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.62 billion. As a group, equities research analysts predict that Gildan Activewear, Inc. will post 4.24 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be issued a $0.2490 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. Gildan Activewear’s payout ratio is currently 89.29%.

Key Headlines Impacting Gildan Activewear

These are some of the GIL headlines that stood out recently:

• Neutral Sentiment: Investors who bought Gildan securities from February 19, 2025, through June 15, 2026, have until December 14, 2026, to seek lead-plaintiff status in the lawsuit. Class action reminder
• Negative Sentiment: The lawsuit alleges Gildan masked weak organic demand by pushing excess product into distributor channels; one notice alleges this shifted roughly $500 million of revenue forward. These claims are allegations, not established findings, but add legal and reputational risk. Lawsuit allegations
• Negative Sentiment: Zacks Research downgraded Gildan from “hold” to “strong sell,” reinforcing concerns about the stock’s outlook. Zacks Research ratings

Gildan Activewear Company Profile

Gildan Activewear Inc. is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors. The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.