Natixis Advisors LLC Lowers Stake in Gildan Activewear Inc. (NYSE:GIL)

Natixis Advisors LLC lessened its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,700 shares of the textile maker's stock after selling 14,335 shares during the period. Natixis Advisors LLC owned about 0.33% of Gildan Activewear worth $23,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of GIL. Plato Investment Management Ltd purchased a new stake in shares of Gildan Activewear in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp raised its position in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock worth $41,000 after acquiring an additional 333 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Gildan Activewear by 500.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker's stock valued at $42,000 after purchasing an additional 745 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Gildan Activewear by 899.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker's stock valued at $47,000 after purchasing an additional 908 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Gildan Activewear by 561.9% in the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker's stock valued at $67,000 after purchasing an additional 1,208 shares during the period. Institutional investors and hedge funds own 82.83% of the company's stock.

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Gildan Activewear Trading Down 2.0 %

Shares of NYSE GIL traded down $0.90 during trading on Friday, hitting $45.11. 507,048 shares of the company were exchanged, compared to its average volume of 626,852. 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 Inc. has a 12-month low of $32.23 and a 12-month high of $55.39. The company has a fifty day moving average price of $50.70 and a 200-day moving average price of $48.61. The firm has a market capitalization of $6.86 billion, a PE ratio of 18.04, a P/E/G ratio of 1.76 and a beta of 1.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued 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 analysts' expectations of $805.75 million. During the same period last year, the firm earned $0.75 earnings per share. Gildan Activewear's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be given a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 2.00%. This is a positive change 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 presently 36.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Canaccord Genuity Group raised their target price on Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. TD Securities boosted their price target on Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Citigroup increased their price objective on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus 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.