Gildan Activewear Inc. (NYSE:GIL) Shares Purchased by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lifted its position in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 192.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 742,149 shares of the textile maker's stock after purchasing an additional 488,602 shares during the period. Bahl & Gaynor Inc. owned about 0.49% of Gildan Activewear worth $34,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC grew its position in shares of Gildan Activewear by 3.6% in the 3rd quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker's stock valued at $322,298,000 after buying an additional 240,375 shares during the last quarter. Simcoe Capital Management LLC lifted its holdings in shares of Gildan Activewear by 10.5% during the third quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker's stock worth $112,492,000 after purchasing an additional 226,695 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Gildan Activewear by 2.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,618,420 shares of the textile maker's stock valued at $76,244,000 after acquiring an additional 44,725 shares in the last quarter. CIBC Asset Management Inc increased its position in Gildan Activewear by 545.1% during the 4th quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker's stock worth $57,403,000 after purchasing an additional 1,022,695 shares during the period. Finally, Intact Investment Management Inc. grew its holdings in Gildan Activewear by 12.0% during the third quarter. Intact Investment Management Inc. now owns 987,250 shares of the textile maker's stock worth $46,473,000 after acquiring an additional 106,150 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

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Gildan Activewear Trading Down 1.5 %

Shares of NYSE:GIL traded down $0.74 during trading on Friday, reaching $49.55. The stock had a trading volume of 398,040 shares, compared to its average volume of 523,730. Gildan Activewear Inc. has a fifty-two week low of $32.23 and a fifty-two week high of $55.39. The business has a fifty day moving average price of $50.59 and a 200-day moving average price of $48.35. The stock has a market cap of $7.53 billion, a P/E ratio of 19.82, a PEG ratio of 1.76 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings results 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). Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The business had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. During the same quarter last year, the firm posted $0.75 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. As a group, analysts anticipate that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be issued a $0.226 dividend. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 annualized dividend and a yield of 1.82%. Gildan Activewear's payout ratio is 36.00%.

Wall Street Analysts Forecast Growth

GIL has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Canaccord Genuity Group raised their price target on Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. CIBC boosted their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Citigroup increased their price objective on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, TD Securities lifted their target price on shares of Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $60.00.

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.