Cumberland Partners Ltd Buys 16,100 Shares of Gildan Activewear, Inc. $GIL

Cumberland Partners Ltd increased its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 230.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,100 shares of the textile maker’s stock after acquiring an additional 16,100 shares during the quarter. Cumberland Partners Ltd’s holdings in Gildan Activewear were worth $1,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIL. Vanguard Group Inc. increased its stake in Gildan Activewear by 26.0% during the 4th quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after purchasing an additional 1,561,729 shares in the last quarter. Lazard Asset Management LLC increased its stake in Gildan Activewear by 95.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,799,309 shares of the textile maker’s stock valued at $161,749,000 after purchasing an additional 1,364,953 shares in the last quarter. Hudson Way Capital Management LLC bought a new stake in Gildan Activewear during the 3rd quarter valued at $57,530,000. TD Waterhouse Canada Inc. increased its stake in Gildan Activewear by 329.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,267,015 shares of the textile maker’s stock valued at $78,934,000 after purchasing an additional 971,746 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Gildan Activewear during the 4th quarter valued at $36,866,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

GIL opened at $58.11 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 34.18 and a beta of 1.10. The firm’s fifty day moving average price is $57.57 and its two-hundred day moving average price is $61.29. Gildan Activewear, Inc. has a 1 year low of $46.00 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business’s revenue for the quarter was up 63.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts anticipate that Gildan Activewear, Inc. will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

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 issued a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s payout ratio is currently 58.82%.

Analyst Ratings Changes

GIL has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. TD Securities restated a “buy” rating and set a $77.00 price target on shares of Gildan Activewear in a research note on Tuesday, January 27th. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. National Bank Financial boosted their price target on shares of Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $77.00 price target on shares of Gildan Activewear in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.77.

Gildan Activewear 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.