FIL Ltd boosted its position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 1,884.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,137 shares of the textile maker's stock after acquiring an additional 191,000 shares during the quarter. FIL Ltd owned 0.13% of Gildan Activewear worth $9,466,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in GIL. Bank of Montreal Can grew its holdings in shares of Gildan Activewear by 5.7% during the 4th quarter. Bank of Montreal Can now owns 1,625,963 shares of the textile maker's stock valued at $76,423,000 after purchasing an additional 87,672 shares during the last quarter. Aristides Capital LLC increased its position 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 valued at $319,000 after acquiring an additional 1,630 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of 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 acquiring 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 fourth quarter valued at about $2,028,000. Finally, Aviva PLC bought a new stake in shares of Gildan Activewear in the fourth quarter worth about $3,698,000. Hedge funds and other institutional investors own 82.83% of the company's stock.
Gildan Activewear Stock Down 0.8 %
Shares of GIL stock traded down $0.33 during mid-day trading on Tuesday, hitting $41.21. The company's stock had a trading volume of 765,677 shares, compared to its average volume of 647,145. Gildan Activewear Inc. has a 52-week low of $32.23 and a 52-week high of $55.39. The business has a 50-day moving average price of $47.58 and a 200 day moving average price of $48.23. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 16.48, a PEG 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 (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.30). Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $822.00 million for the quarter, compared to analysts' expectations of $805.75 million. During the same period in the previous year, the business earned $0.75 EPS. The business's revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.
Gildan Activewear Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.19%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, March 12th. Gildan Activewear's dividend payout ratio is presently 36.00%.
Wall Street Analyst Weigh In
Several research firms have weighed in on GIL. Stifel Nicolaus increased their price objective on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. BMO Capital Markets upped their price objective 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. TD Securities lifted their target price on shares of Gildan Activewear from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. CIBC increased their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, UBS Group upped their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gildan Activewear currently has a consensus rating of "Buy" and an average price target of $60.00.
Get Our Latest Stock Analysis on GIL
Gildan Activewear Company Profile
(
Free Report)
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.
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