Boston Partners Has $13.71 Million Position in Gildan Activewear Inc. (NYSE:GIL)

Boston Partners lessened its holdings in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 39.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 291,287 shares of the textile maker's stock after selling 189,231 shares during the period. Boston Partners owned 0.19% of Gildan Activewear worth $13,712,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Gildan Activewear by 604.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker's stock worth $86,999,000 after purchasing an additional 1,588,071 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Gildan Activewear by 545.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker's stock valued at $57,403,000 after buying an additional 1,022,695 shares during the period. Lord Abbett & CO. LLC bought a new position in Gildan Activewear during the third quarter worth about $24,262,000. Bahl & Gaynor Inc. grew its position in shares of Gildan Activewear by 192.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 742,149 shares of the textile maker's stock worth $34,918,000 after buying an additional 488,602 shares during the period. Finally, Janus Henderson Group PLC increased its stake 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 acquiring an additional 240,375 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company's stock.

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Gildan Activewear Stock Up 0.7 %

Shares of Gildan Activewear stock traded up $0.34 during trading on Monday, reaching $45.51. The stock had a trading volume of 435,053 shares, compared to its average volume of 621,041. 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 company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.76 and a beta of 1.39. The stock has a fifty day moving average price of $50.59 and a two-hundred day moving average price of $48.68. Gildan Activewear Inc. has a 52 week low of $32.23 and a 52 week high of $55.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released 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). The firm had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Sell-side analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders 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 is Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 1.99%. Gildan Activewear's dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GIL shares. UBS Group lifted their price objective on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their price target 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. Canaccord Genuity Group upped their price objective on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Citigroup lifted their target price on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, CIBC increased their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $60.00.

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.