Gildan Activewear Inc. (NYSE:GIL) Shares Sold by Boston Partners

Boston Partners lowered its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Simcoe Capital Management LLC increased its position in shares of Gildan Activewear by 10.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker's stock valued at $112,492,000 after acquiring an additional 226,695 shares during the period. Intech Investment Management LLC acquired a new position in shares of Gildan Activewear in the third quarter valued at about $544,000. Forge First Asset Management Inc. raised its stake in shares of Gildan Activewear by 108.0% in the fourth quarter. Forge First Asset Management Inc. now owns 46,600 shares of the textile maker's stock worth $2,191,000 after purchasing an additional 24,200 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Gildan Activewear by 545.1% during the fourth 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, Truist Financial Corp lifted its holdings in shares of Gildan Activewear by 76.8% during the fourth quarter. Truist Financial Corp now owns 19,401 shares of the textile maker's stock worth $913,000 after purchasing an additional 8,430 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

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Gildan Activewear Price Performance

Shares of Gildan Activewear stock traded down $0.44 during trading hours on Tuesday, reaching $45.11. The stock had a trading volume of 529,326 shares, compared to its average volume of 621,041. The stock's 50 day moving average is $50.59 and its 200 day moving average is $48.68. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. Gildan Activewear Inc. has a twelve month low of $32.23 and a twelve month high of $55.39. The firm has a market capitalization of $6.86 billion, a PE ratio of 18.04, a PEG ratio of 1.76 and a beta of 1.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly 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). 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 during the quarter, compared to analyst estimates of $805.75 million. During the same period in the previous year, the company posted $0.75 EPS. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a yield of 2.00%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend payout ratio (DPR) is currently 36.00%.

Analysts Set New Price Targets

GIL has been the subject of a number of recent research reports. 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 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 report on Thursday, February 20th. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Citigroup increased 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, CIBC boosted their price objective on Gildan Activewear from $56.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gildan Activewear currently has an average rating of "Buy" and an average price target 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.