SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 3.9% Stake in Gildan Activewear
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a beneficial ownership of 3.9% of Gildan Activewear Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 5,939,194.29 shares of Gildan Activewear Inc. common stock.
- This aggregate amount represents 3.9% of the total outstanding common stock of Gildan Activewear Inc.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
- FMR LLC holds sole voting power over 5,781,376.00 shares and sole dispositive power over 5,939,194.29 shares.
- Abigail P. Johnson, as a controlling person of FMR LLC, is also deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Gildan Activewear Inc.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership report (Schedule 13G) and does not contain information that would typically evoke strong positive or negative sentiment regarding the issuer's performance or prospects. It merely updates an ownership stake.
Positives
- The filing indicates continued investment by a major institutional investor (FMR LLC) in Gildan Activewear Inc.
- The ownership stake remains below the 5% threshold, suggesting a passive investment intent without seeking to influence control of the issuer.
Negatives
- No specific negative information about Gildan Activewear Inc. is contained within this ownership disclosure.
Risks
- No specific risks related to Gildan Activewear Inc.'s operations or financial health are disclosed in this ownership filing. The filing itself is a routine disclosure of beneficial ownership.
Future Outlook
This document does not provide any forward-looking statements or guidance regarding Gildan Activewear Inc.'s future performance or operations. It is solely an ownership disclosure.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing is a routine disclosure of beneficial ownership by a large institutional investor in a publicly traded company within the apparel and textile manufacturing industry. It does not provide specific industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment intent.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of signing and filing of this Schedule 13G Amendment No. 1. |
Keywords
Gildan Activewear Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Apparel Industry, Textile Manufacturing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.