Mufg Securities Canada LTD. Has $17.63 Million Stake in Gildan Activewear, Inc. $GIL

Mufg Securities Canada LTD. lifted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 14.2% during the 4th quarter, HoldingsChannel reports. The fund owned 281,928 shares of the textile maker’s stock after purchasing an additional 34,952 shares during the period. Mufg Securities Canada LTD.’s holdings in Gildan Activewear were worth $17,626,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Webster Bank N. A. acquired a new stake in shares of Gildan Activewear during the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its holdings in shares of Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 422 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Gildan Activewear during the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Gildan Activewear by 867.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 460 shares in the last quarter. Finally, Maseco LLP acquired a new stake in shares of Gildan Activewear during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.1%

Shares of NYSE:GIL opened at $60.86 on Monday. The firm has a market cap of $11.27 billion, a P/E ratio of 35.80 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. Gildan Activewear, Inc. has a 12-month low of $46.00 and a 12-month high of $73.69. The business has a fifty day simple moving average of $58.21 and a 200 day simple moving average of $61.55.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.Gildan Activewear’s revenue for the quarter was up 63.8% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts predict that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be given a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Gildan Activewear’s dividend payout ratio (DPR) is 58.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GIL shares. Royal Bank Of Canada cut their price objective on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Stifel Nicolaus raised their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Wednesday, June 3rd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.77.

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.