Gildan Activewear, Inc. $GIL Stake Raised by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. raised its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,309,542 shares of the textile maker’s stock after buying an additional 282,627 shares during the quarter. Gildan Activewear makes up approximately 3.2% of Cardinal Capital Management Inc.’s holdings, making the stock its 12th largest holding. Cardinal Capital Management Inc. owned 1.79% of Gildan Activewear worth $141,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of Gildan Activewear by 10.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 13,430 shares of the textile maker’s stock worth $574,000 after purchasing an additional 1,222 shares during the period. Mather Group LLC. lifted its position in Gildan Activewear by 7.6% during the 3rd quarter. Mather Group LLC. now owns 3,468 shares of the textile maker’s stock worth $148,000 after acquiring an additional 244 shares in the last quarter. Three Magnolias Financial Advisors LLC acquired a new position in shares of Gildan Activewear in the 3rd quarter valued at approximately $281,000. Cooper Financial Group raised its stake in Gildan Activewear by 3.2% during the third quarter. Cooper Financial Group now owns 13,270 shares of the textile maker’s stock valued at $566,000 after buying an additional 407 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Gildan Activewear during the third quarter valued at $136,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear News Roundup

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: UBS retained a Buy rating on Gildan Activewear but lowered its price target to $71 from $111. The revised target still implies substantial potential upside from the current trading level, suggesting UBS believes the market may have overreacted to recent concerns. UBS price target report
• Neutral Sentiment: A Quebec Court of Appeal decision granted Gildan leave to appeal an order requiring it to advance defense costs to former directors. The ruling is procedural; its ultimate effect on Gildan’s legal expenses and liability remains uncertain. Quebec Court of Appeal article
• Negative Sentiment: Rosen Law Firm and several other firms announced or promoted a securities class action against Gildan on behalf of investors who purchased securities between February 19, 2025, and June 15, 2026. The complaints reportedly involve alleged channel stuffing and related securities-law violations. These are allegations, not established findings, but the litigation could create legal costs, potential damages and management distraction. Investors have until December 14, 2026 to seek lead-plaintiff status. Rosen Law Firm class action announcement

Wall Street Analysts Forecast Growth

GIL has been the subject of several analyst reports. Scotia boosted their price objective on Gildan Activewear from $65.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 31st. Stifel Nicolaus set a $83.00 target price on Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, July 31st. UBS Group lowered their target price on shares of Gildan Activewear from $111.00 to $71.00 and set a “buy” rating for the company in a report on Thursday. Scotiabank reissued a “sector outperform” rating and issued a $67.00 price objective (up from $65.00) on shares of Gildan Activewear in a research report on Friday, July 31st. Finally, TD Securities lowered their target price 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. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.69.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $41.00 on Friday. The firm has a market cap of $7.59 billion, a PE ratio of 11.44 and a beta of 1.11. Gildan Activewear, Inc. has a twelve month low of $39.93 and a twelve month high of $73.69. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $48.61 and a 200 day moving average price of $53.35.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. Gildan Activewear’s revenue for the quarter was up 72.3% on a year-over-year basis. Sell-side analysts predict that Gildan Activewear, Inc. will post 4.67 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Thursday, August 20th were paid a dividend of $0.2490 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 20th. Gildan Activewear’s dividend payout ratio is presently 192.31%.

Gildan Activewear Profile

Gildan Activewear Inc is a Canadian apparel manufacturer headquartered in Montreal, Quebec. The company produces basic everyday apparel, including T-shirts, fleece garments, underwear, socks and hosiery, for wholesalers, retailers, screen printers, brands and consumers.

Its portfolio includes the Gildan, American Apparel, Comfort Colors and Gold Toe brands, along with other product lines serving the activewear, casualwear and innerwear markets. Gildan also manufactures private-label and co-branded products for customers in several apparel categories.

Founded in 1984 by brothers Glenn and Greg Chamandy, Gildan has developed a vertically integrated manufacturing model that covers key stages from textile production through finished garments.