Janus Henderson Group PLC boosted its position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,841,572 shares of the textile maker's stock after buying an additional 240,375 shares during the period. Janus Henderson Group PLC owned approximately 4.44% of Gildan Activewear worth $322,298,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of GIL. Riverview Trust Co acquired a new stake in Gildan Activewear during the 3rd quarter worth approximately $29,000. Blue Trust Inc. raised its holdings in shares of Gildan Activewear by 96.1% during the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker's stock worth $38,000 after acquiring an additional 397 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Gildan Activewear in the 2nd quarter valued at approximately $51,000. Tobam acquired a new stake in shares of Gildan Activewear in the second quarter worth $53,000. Finally, CWM LLC raised its stake in shares of Gildan Activewear by 23.0% in the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker's stock valued at $80,000 after buying an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.
Gildan Activewear Price Performance
Shares of GIL stock traded down $0.28 on Wednesday, hitting $49.81. 189,101 shares of the stock traded hands, compared to its average volume of 714,218. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.87 and a beta of 1.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $48.28 and a two-hundred day simple moving average of $43.24. Gildan Activewear Inc. has a 52 week low of $30.68 and a 52 week high of $50.60.
Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. Gildan Activewear had a return on equity of 26.88% and a net margin of 13.06%. The company had revenue of $891.10 million during the quarter, compared to analysts' expectations of $882.85 million. During the same quarter in the previous year, the business earned $0.74 EPS. Gildan Activewear's revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts predict that Gildan Activewear Inc. will post 2.97 earnings per share for the current fiscal year.
Gildan Activewear Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, November 21st will be paid a $0.152 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.22%. Gildan Activewear's payout ratio is 32.41%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. TD Securities boosted their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday. Citigroup increased their price objective on Gildan Activewear from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets upped their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, CIBC boosted their price objective on Gildan Activewear from $48.00 to $56.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Gildan Activewear currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.05.
Read Our Latest Report on GIL
About Gildan Activewear
(
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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