Swiss National Bank Boosts Position in Gildan Activewear, Inc. $GIL

Swiss National Bank boosted its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 27.0% in the first quarter, HoldingsChannel.com reports. The firm owned 592,125 shares of the textile maker’s stock after buying an additional 125,800 shares during the quarter. Swiss National Bank’s holdings in Gildan Activewear were worth $32,927,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Washburn Capital Management Inc. raised its holdings in Gildan Activewear by 3.8% during the fourth quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after purchasing an additional 157 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Gildan Activewear by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after buying an additional 192 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Gildan Activewear by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock valued at $549,000 after buying an additional 193 shares in the last quarter. Tacita Capital Inc grew its position in shares of Gildan Activewear by 1.9% in the 4th quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock valued at $704,000 after buying an additional 211 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Gildan Activewear by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock valued at $616,000 after buying an additional 259 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GIL shares. Scotiabank reissued a “sector outperform” rating and issued a $65.00 price target (down from $72.00) on shares of Gildan Activewear in a research report on Wednesday, June 17th. Scotia dropped their price objective on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Wednesday, June 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.21.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $49.65 on Friday. The firm’s fifty day simple moving average is $55.04 and its 200-day simple moving average is $59.92. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 29.20 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17.

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 analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business earned $0.59 EPS. Gildan Activewear’s quarterly revenue was up 63.8% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Gildan Activewear’s dividend payout ratio is 58.82%.

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.