Raymond James Financial Inc. Invests $3.74 Million in Gildan Activewear Inc. (NYSE:GIL)

Raymond James Financial Inc. acquired a new stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 79,581 shares of the textile maker's stock, valued at approximately $3,744,000. Raymond James Financial Inc. owned approximately 0.05% of Gildan Activewear at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Verdence Capital Advisors LLC boosted its holdings in shares of Gildan Activewear by 15.4% in the fourth quarter. Verdence Capital Advisors LLC now owns 18,580 shares of the textile maker's stock valued at $874,000 after buying an additional 2,483 shares during the period. Aigen Investment Management LP increased its holdings in shares of Gildan Activewear by 12.0% during the 4th quarter. Aigen Investment Management LP now owns 7,668 shares of the textile maker's stock worth $361,000 after acquiring an additional 822 shares during the last quarter. Seizert Capital Partners LLC grew its stake in Gildan Activewear by 34.7% in the 4th quarter. Seizert Capital Partners LLC now owns 112,483 shares of the textile maker's stock valued at $5,292,000 after buying an additional 29,002 shares during the last quarter. Atria Investments Inc increased its position in Gildan Activewear by 18.4% during the fourth quarter. Atria Investments Inc now owns 9,822 shares of the textile maker's stock worth $462,000 after acquiring an additional 1,529 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in shares of Gildan Activewear by 192.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 742,149 shares of the textile maker's stock valued at $34,918,000 after buying an additional 488,602 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have commented on the company. Canaccord Genuity Group raised their price objective on Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Stifel Nicolaus increased their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research 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. BMO Capital Markets raised their price objective on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Citigroup increased their target price on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Nine research 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 Price Performance

NYSE:GIL traded up $0.13 during mid-day trading on Friday, hitting $44.94. 496,840 shares of the stock traded hands, compared to its average volume of 638,906. The business's 50-day moving average price is $50.21 and its 200 day moving average price is $48.66. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92. The company has a market cap of $6.83 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39. Gildan Activewear Inc. has a 12-month low of $32.23 and a 12-month high of $55.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (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 during the quarter, compared to analysts' expectations of $805.75 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. Gildan Activewear's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be given a $0.226 dividend. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.01%. Gildan Activewear's payout ratio is presently 36.00%.

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.