American Century Companies Inc. Increases Holdings in Gildan Activewear Inc. (NYSE:GIL)

American Century Companies Inc. raised its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,967 shares of the textile maker's stock after acquiring an additional 19,877 shares during the quarter. American Century Companies Inc. owned 0.11% of Gildan Activewear worth $7,717,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Gildan Activewear during the 4th quarter worth approximately $3,497,000. TD Private Client Wealth LLC boosted its position in Gildan Activewear by 19.1% during the fourth quarter. TD Private Client Wealth LLC now owns 3,069 shares of the textile maker's stock worth $144,000 after purchasing an additional 492 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Gildan Activewear during the fourth quarter worth $2,424,000. Generali Asset Management SPA SGR acquired a new stake in Gildan Activewear in the fourth quarter valued at $2,634,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Gildan Activewear in the fourth quarter valued at $6,655,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GIL has been the topic of a number of recent research reports. Canaccord Genuity Group upped their target price on Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. TD Securities raised their price target on shares of Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. UBS Group boosted their price objective on shares of Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. BMO Capital Markets raised their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their target price on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gildan Activewear has an average rating of "Buy" and an average price target of $60.00.

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Gildan Activewear Trading Down 3.7 %

Shares of GIL traded down $1.46 during mid-day trading on Tuesday, reaching $37.69. The company had a trading volume of 1,177,152 shares, compared to its average volume of 647,019. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $48.65 and a 200-day simple moving average of $48.43. Gildan Activewear Inc. has a fifty-two week low of $32.23 and a fifty-two week high of $55.39.

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

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Wednesday, March 12th were given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 12th. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend 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.