Gildan Activewear, Inc. $GIL Stock Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. reduced its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 8.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,696,144 shares of the textile maker’s stock after selling 249,044 shares during the period. Beutel Goodman & Co Ltd.’s holdings in Gildan Activewear were worth $115,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GIL. Fulcrum Asset Management LLP bought a new stake in shares of Gildan Activewear during the 3rd quarter valued at approximately $80,000. Vise Technologies Inc. increased its position in Gildan Activewear by 15.7% during the 3rd quarter. Vise Technologies Inc. now owns 6,429 shares of the textile maker’s stock worth $274,000 after purchasing an additional 874 shares in the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its stake in Gildan Activewear by 0.7% in the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 59,610 shares of the textile maker’s stock valued at $2,541,000 after purchasing an additional 392 shares during the last quarter. D.A. Davidson & CO. bought a new position in Gildan Activewear in the 3rd quarter valued at approximately $229,000. Finally, Crossmark Global Holdings Inc. lifted its stake in Gildan Activewear by 11.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,303 shares of the textile maker’s stock valued at $269,000 after purchasing an additional 652 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $36.48 on Tuesday. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 11.79 and a beta of 1.15. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $43.51 and its 200-day moving average price is $55.02. Gildan Activewear, Inc. has a 12 month low of $31.33 and a 12 month high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.62 billion. Equities research analysts forecast that Gildan Activewear, Inc. will post 4.63 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be given a dividend of $0.2490 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.7%. Gildan Activewear’s dividend payout ratio (DPR) is currently 89.29%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group set a $38.00 target price on shares of Gildan Activewear and gave the company a “neutral” rating in a research report on Friday. TD Securities lowered their price target on shares of Gildan Activewear from $80.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, September 24th. Citigroup reiterated a “neutral” rating on shares of Gildan Activewear in a report on Tuesday, August 4th. William Blair set a $49.00 price target on Gildan Activewear in a research note on Friday. Finally, Stifel Nicolaus set a $83.00 price objective on Gildan Activewear and gave the company a “buy” rating in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear presently has an average rating of “Moderate Buy” and an average price target of $57.42.

Key Headlines Impacting Gildan Activewear

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

• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who bought Gildan shares from February 19, 2025, through June 15, 2026. The complaint alleges the company misled investors about distributor sales practices, including extended payment terms, free freight and large quarter-end purchases that allegedly inflated reported sales. These are allegations, not proven findings; the lead-plaintiff deadline is December 14, 2026. Article: GIL Shareholder Alert
• Negative Sentiment: The lawsuit-related publicity follows reports that GIL plunged about 18% after the channel-stuffing allegations came to light, increasing legal and reputational risk for the apparel maker. Article: GIL Stock Alert
• Negative Sentiment: Recent coverage also points to weak third-quarter results, while analyst actions include downgrades to Hold and a pessimistic price outlook. Together, earnings concerns and reduced analyst confidence may weigh on sentiment. Article: Gildan Cut to Hold at Canaccord Genuity

Gildan Activewear Profile

Gildan Activewear Inc is a Canadian apparel manufacturer headquartered in Montreal. Founded in 1984, the company produces and sells basic apparel, including T-shirts, fleece, underwear, socks and hosiery. Its brands include Gildan, American Apparel and Comfort Colors.

The company serves wholesale distributors, screen printers, retailers and other customers, supplying products for both imprinting and everyday wear. Its vertically integrated operations span the manufacturing process, from yarn production and fabric-making to garment assembly and distribution.

Gildan sells its products across North America and in international markets, including Europe, Latin America and Asia-Pacific.