Achmea Investment Management B.V. Buys 8,642 Shares of Gildan Activewear Inc. (NYSE:GIL)

Achmea Investment Management B.V. grew its position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 82.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,066 shares of the textile maker's stock after acquiring an additional 8,642 shares during the period. Achmea Investment Management B.V.'s holdings in Gildan Activewear were worth $897,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GIL. Plato Investment Management Ltd acquired a new position in shares of Gildan Activewear in the fourth quarter worth approximately $28,000. Fifth Third Bancorp lifted its position in shares of Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock worth $41,000 after purchasing an additional 333 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Gildan Activewear by 500.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker's stock valued at $42,000 after purchasing an additional 745 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Gildan Activewear by 899.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker's stock worth $47,000 after buying an additional 908 shares during the period. Finally, Rhumbline Advisers raised its stake in Gildan Activewear by 561.9% during the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker's stock worth $67,000 after buying an additional 1,208 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have weighed in on GIL. Canaccord Genuity Group increased their price target on Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Citigroup upped their target price on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. CIBC lifted their target price on Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. TD Securities increased their price target on Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gildan Activewear currently has an average rating of "Buy" and an average target price of $60.00.

Gildan Activewear Stock Up 0.8 %

Shares of NYSE:GIL traded up $0.39 during trading on Wednesday, reaching $46.77. 444,248 shares of the stock were exchanged, compared to its average volume of 652,116. Gildan Activewear Inc. has a 1-year low of $32.23 and a 1-year high of $55.39. The stock has a fifty day moving average of $50.72 and a two-hundred day moving average of $48.64. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30). The business had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. Research analysts anticipate that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a yield of 1.93%. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's payout ratio is 36.00%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.