Gildan Activewear Inc. (NYSE:GIL) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,625,963 shares of the textile maker's stock after purchasing an additional 87,672 shares during the period. Bank of Montreal Can owned 1.07% of Gildan Activewear worth $76,423,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aristides Capital LLC increased its holdings in shares of Gildan Activewear by 31.7% in the fourth quarter. Aristides Capital LLC now owns 6,770 shares of the textile maker's stock worth $319,000 after buying an additional 1,630 shares during the period. Envestnet Asset Management Inc. increased its holdings in Gildan Activewear by 13.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 347,132 shares of the textile maker's stock valued at $16,333,000 after buying an additional 40,416 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Gildan Activewear during the 4th quarter valued at approximately $2,028,000. Aviva PLC bought a new stake in shares of Gildan Activewear during the fourth quarter valued at approximately $3,698,000. Finally, Wells Fargo & Company MN increased its position in Gildan Activewear by 7.8% in the fourth quarter. Wells Fargo & Company MN now owns 251,950 shares of the textile maker's stock worth $11,854,000 after purchasing an additional 18,231 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on GIL shares. TD Securities raised their price target on Gildan Activewear from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. CIBC boosted their price target on Gildan Activewear from $56.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Stifel Nicolaus raised their price objective on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 20th. UBS Group lifted their target price on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets upped their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" 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, the stock presently has a consensus rating of "Buy" and an average price target of $60.00.

Gildan Activewear Stock Performance

NYSE:GIL traded up $0.23 during mid-day trading on Monday, reaching $41.72. 111,048 shares of the company's stock were exchanged, compared to its average volume of 644,689. The firm has a market capitalization of $6.34 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. Gildan Activewear Inc. has a one year low of $32.23 and a one year high of $55.39. The business's fifty day simple moving average is $47.80 and its two-hundred day simple moving average is $48.27.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings data 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 company had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. During the same period last year, the business earned $0.75 EPS. The business's quarterly revenue 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 business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.226 per share. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.17%. Gildan Activewear's payout ratio is presently 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.