8,369 Shares in Gildan Activewear Inc. (NYSE:GIL) Purchased by Haven Private LLC

Haven Private LLC acquired a new stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,369 shares of the textile maker's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Gildan Activewear during the third quarter valued at about $216,000. US Bancorp DE increased its holdings in Gildan Activewear by 24.6% during the 3rd quarter. US Bancorp DE now owns 9,359 shares of the textile maker's stock worth $441,000 after acquiring an additional 1,849 shares during the period. Fiera Capital Corp lifted its stake in Gildan Activewear by 5.3% in the 3rd quarter. Fiera Capital Corp now owns 255,734 shares of the textile maker's stock worth $12,053,000 after purchasing an additional 12,933 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Gildan Activewear by 6.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 16,097 shares of the textile maker's stock valued at $758,000 after purchasing an additional 1,004 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Gildan Activewear during the 3rd quarter valued at $391,000. Institutional investors own 82.83% of the company's stock.

Gildan Activewear Trading Down 2.5 %

GIL stock traded down $1.25 during trading on Tuesday, hitting $47.99. 700,438 shares of the company traded hands, compared to its average volume of 594,953. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. The company has a 50-day moving average of $50.71 and a 200-day moving average of $48.54. The firm has a market capitalization of $7.30 billion, a PE ratio of 19.20, a P/E/G ratio of 1.76 and a beta of 1.39. Gildan Activewear Inc. has a 1 year low of $32.23 and a 1 year high of $55.39.

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Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (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 firm had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's payout ratio is currently 36.00%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GIL shares. Citigroup increased their price objective on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. TD Securities lifted their price target on Gildan Activewear from $62.00 to $65.00 and gave the company a "buy" 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 stock a "buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus lifted 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. Finally, UBS Group increased their price target on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $60.00.

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.