Aviva PLC Acquires New Holdings in Gildan Activewear Inc. (NYSE:GIL)

Aviva PLC purchased a new stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 78,732 shares of the textile maker's stock, valued at approximately $3,698,000. Aviva PLC owned 0.05% of Gildan Activewear at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC bought a new stake in Gildan Activewear in the 3rd quarter valued at approximately $457,000. Quantinno Capital Management LP boosted its holdings in Gildan Activewear by 8.4% during the third quarter. Quantinno Capital Management LP now owns 52,716 shares of the textile maker's stock worth $2,483,000 after purchasing an additional 4,069 shares during the last quarter. Stifel Financial Corp grew its position in Gildan Activewear by 7.2% in the third quarter. Stifel Financial Corp now owns 92,054 shares of the textile maker's stock valued at $4,337,000 after purchasing an additional 6,205 shares in the last quarter. Wellington Management Group LLP increased its stake in Gildan Activewear by 42.4% in the 3rd quarter. Wellington Management Group LLP now owns 29,724 shares of the textile maker's stock valued at $1,401,000 after buying an additional 8,855 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Gildan Activewear during the 3rd quarter worth about $591,000. 82.83% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms recently issued reports on GIL. CIBC upped 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. BMO Capital Markets increased their price target 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. UBS Group raised their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Citigroup boosted their price target on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their target price on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $60.00.

Gildan Activewear Stock Performance

NYSE:GIL traded up $0.05 during mid-day trading on Monday, reaching $41.54. 315,426 shares of the company's stock were exchanged, compared to its average volume of 646,389. Gildan Activewear Inc. has a one year low of $32.23 and a one year high of $55.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. The business's fifty day simple moving average is $47.80 and its two-hundred day simple moving average is $48.27. The firm has a market capitalization of $6.31 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16.

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

Gildan Activewear Increases Dividend

The company also recently disclosed 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 is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.90 annualized dividend and a yield of 2.18%. Gildan Activewear's dividend payout ratio is currently 36.00%.

Gildan Activewear 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.