Hodges Capital Management Inc. Grows Stock Position in Gildan Activewear, Inc. $GIL

Hodges Capital Management Inc. grew its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,306 shares of the textile maker’s stock after acquiring an additional 31,152 shares during the quarter. Gildan Activewear comprises about 1.1% of Hodges Capital Management Inc.’s portfolio, making the stock its 26th largest position. Hodges Capital Management Inc.’s holdings in Gildan Activewear were worth $13,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Oxbow Advisors LLC raised its stake in shares of Gildan Activewear by 29.2% during the first quarter. Oxbow Advisors LLC now owns 115,939 shares of the textile maker’s stock valued at $6,452,000 after acquiring an additional 26,232 shares in the last quarter. First Dallas Securities Inc. bought a new stake in shares of Gildan Activewear in the 1st quarter valued at about $534,000. Y Intercept Hong Kong Ltd lifted its position in shares of Gildan Activewear by 683.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 58,628 shares of the textile maker’s stock worth $3,263,000 after purchasing an additional 51,147 shares during the period. USS Investment Management Ltd boosted its stake in shares of Gildan Activewear by 5.9% during the first quarter. USS Investment Management Ltd now owns 39,248 shares of the textile maker’s stock valued at $2,178,000 after purchasing an additional 2,181 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ increased its holdings in Gildan Activewear by 1.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 45,328 shares of the textile maker’s stock valued at $2,516,000 after buying an additional 573 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GIL has been the topic of several recent research reports. 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. Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. Scotiabank reaffirmed a “sector outperform” rating and set a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a research note on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.21.

Gildan Activewear Trading Up 0.0%

NYSE:GIL opened at $51.50 on Monday. The company has a market capitalization of $9.54 billion, a P/E ratio of 30.30 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.17 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 firm has a fifty day simple moving average of $56.80 and a 200-day simple moving average of $60.98.

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

Gildan Activewear Dividend Announcement

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

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.