Gildan Activewear Inc. (NYSE:GIL) Position Increased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,668,147 shares of the textile maker's stock after purchasing an additional 272,627 shares during the quarter. National Bank of Canada FI owned 1.09% of Gildan Activewear worth $78,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Forge First Asset Management Inc. raised its position in Gildan Activewear by 108.0% during the fourth quarter. Forge First Asset Management Inc. now owns 46,600 shares of the textile maker's stock worth $2,191,000 after acquiring an additional 24,200 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of 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 acquiring an additional 1,022,695 shares in the last quarter. Truist Financial Corp boosted its stake 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 valued at $913,000 after acquiring an additional 8,430 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gildan Activewear by 80.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 245,926 shares of the textile maker's stock worth $11,568,000 after purchasing an additional 109,993 shares in the last quarter. Finally, Meritage Portfolio Management purchased a new stake in shares of Gildan Activewear during the fourth quarter worth about $462,000. Institutional investors and hedge funds own 82.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group upped their price target 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. Citigroup increased their target price on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus lifted their target price on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 20th. CIBC upped their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their price objective on Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $60.00.

Gildan Activewear Stock Down 4.8 %

NYSE GIL traded down $2.01 on Friday, reaching $39.78. The company had a trading volume of 1,879,733 shares, compared to its average volume of 642,527. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98. Gildan Activewear Inc. has a 1 year low of $32.23 and a 1 year high of $55.39. The firm has a 50-day moving average of $49.46 and a 200-day moving average of $48.60. The firm has a market capitalization of $6.05 billion, a PE ratio of 15.91, a P/E/G ratio of 1.76 and a beta of 1.16.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS 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 firm had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate 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. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.27%. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear's dividend payout ratio is 36.00%.

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.