Segall Bryant & Hamill LLC Has $21.05 Million Stock Position in Gildan Activewear Inc. (NYSE:GIL)

Segall Bryant & Hamill LLC boosted its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,464 shares of the textile maker's stock after buying an additional 16,578 shares during the period. Segall Bryant & Hamill LLC owned 0.29% of Gildan Activewear worth $21,053,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd acquired a new position in shares of Gildan Activewear during the fourth quarter worth approximately $28,000. Fifth Third Bancorp boosted its position in Gildan Activewear by 61.8% during the 4th 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 grew its stake in shares of Gildan Activewear by 500.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker's stock worth $42,000 after purchasing an additional 745 shares in the last quarter. Venturi Wealth Management LLC grew its stake 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 worth $47,000 after purchasing an additional 908 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Gildan Activewear by 561.9% during 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. 82.83% of the stock is owned by institutional investors and hedge funds.

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Gildan Activewear Trading Up 0.3 %

Shares of GIL traded up $0.13 during midday trading on Friday, hitting $44.94. The stock had a trading volume of 496,840 shares, compared to its average volume of 638,906. The business has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $48.66. The firm has a market cap of $6.83 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. Gildan Activewear Inc. has a fifty-two week low of $32.23 and a fifty-two week 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 for the quarter, missing the consensus estimate of $1.13 by ($0.30). The firm had revenue of $822.00 million for the quarter, compared to analysts' expectations of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, equities analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently announced 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. 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%. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend payout ratio (DPR) is 36.00%.

Analyst Upgrades and Downgrades

GIL has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Stifel Nicolaus boosted their price objective on Gildan Activewear from $60.00 to $65.00 and gave the stock 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 note on Thursday, February 20th. BMO Capital Markets upped their price target on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, UBS Group raised their price objective on shares of Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Gildan Activewear currently has a consensus rating of "Buy" and a consensus price target 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.