Seizert Capital Partners LLC Increases Stock Position in Gildan Activewear Inc. (NYSE:GIL)

Seizert Capital Partners LLC grew its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 34.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,483 shares of the textile maker's stock after purchasing an additional 29,002 shares during the period. Seizert Capital Partners LLC owned approximately 0.07% of Gildan Activewear worth $5,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new stake in Gildan Activewear in the 4th quarter valued at $28,000. Fifth Third Bancorp grew its holdings in shares of Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock valued at $41,000 after purchasing an additional 333 shares during the period. Steward Partners Investment Advisory LLC increased its position 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 worth $42,000 after purchasing an additional 745 shares during the last quarter. Venturi Wealth Management LLC increased its position in Gildan Activewear by 899.0% during 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 during the last quarter. Finally, Rhumbline Advisers raised its stake in Gildan Activewear by 561.9% during the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker's stock worth $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 Stock Down 1.5 %

Shares of GIL stock traded down $0.74 during trading on Friday, reaching $49.55. The company's stock had a trading volume of 398,040 shares, compared to its average volume of 523,730. Gildan Activewear Inc. has a 1-year low of $32.23 and a 1-year high of $55.39. The stock's 50-day moving average price is $50.65 and its 200 day moving average price is $48.40. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.76 and a beta of 1.39. 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 (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.30). The business had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. On average, research analysts anticipate that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors 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 dividend yield of 1.82%. 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%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. TD Securities raised their target price on Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Stifel Nicolaus increased their price target on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. UBS Group raised their price objective on Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, CIBC upped their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Gildan Activewear has a consensus rating of "Buy" and an average 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.