Gildan Activewear Inc. (NYSE:GIL) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 59.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,035 shares of the textile maker's stock after acquiring an additional 194,128 shares during the quarter. Natixis Advisors LLC owned 0.33% of Gildan Activewear worth $24,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GIL. Riverview Trust Co acquired a new stake in Gildan Activewear in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. increased its position in 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 buying an additional 397 shares during the last quarter. Natixis acquired a new position in Gildan Activewear in the 1st quarter valued at $51,000. Cullen Frost Bankers Inc. bought a new stake in shares of Gildan Activewear in the second quarter valued at approximately $51,000. Finally, Tobam bought a new stake in shares of Gildan Activewear in the 2nd quarter worth approximately $53,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Trading Up 0.5 %

NYSE:GIL traded up $0.22 during midday trading on Tuesday, hitting $48.85. 268,591 shares of the company traded hands, compared to its average volume of 708,725. Gildan Activewear Inc. has a 12-month low of $30.68 and a 12-month high of $50.58. The firm's fifty day moving average is $47.40 and its 200-day moving average is $42.02. The firm has a market capitalization of $7.53 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.81 and a beta of 1.44. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 earnings per share 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 business had revenue of $891.10 million for the quarter, compared to analyst estimates of $882.85 million. During the same period in the prior year, the company earned $0.74 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that Gildan Activewear Inc. will post 2.97 EPS for the current year.

Gildan Activewear Cuts Dividend

The business also recently declared 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. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 21st. Gildan Activewear's dividend payout ratio (DPR) is 32.41%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GIL. Canaccord Genuity Group raised their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, November 1st. TD Securities boosted their price target on Gildan Activewear from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Citigroup lifted their price target on shares of Gildan Activewear from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada boosted their price target on Gildan Activewear from $41.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Gildan Activewear currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.85.

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.