Tacita Capital Inc increased its position in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 1,025.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,056 shares of the textile maker's stock after purchasing an additional 11,896 shares during the quarter. Tacita Capital Inc's holdings in Gildan Activewear were worth $615,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of Gildan Activewear during the third quarter worth about $29,000. Blue Trust Inc. raised its holdings in Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker's stock valued at $38,000 after acquiring an additional 397 shares during the last quarter. Natixis purchased a new position in shares of Gildan Activewear during the 1st quarter worth $51,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Gildan Activewear during the second quarter worth $51,000. Finally, Tobam purchased a new stake in shares of Gildan Activewear in the second quarter valued at $53,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.
Gildan Activewear Stock Down 1.2 %
Shares of GIL traded down $0.57 during mid-day trading on Monday, reaching $48.70. 961,584 shares of the stock traded hands, compared to its average volume of 714,163. The stock has a fifty day simple moving average of $46.91 and a 200 day simple moving average of $41.44. Gildan Activewear Inc. has a 12-month low of $30.68 and a 12-month high of $50.58. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.84 and a beta of 1.44.
Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 EPS for the quarter, hitting analysts' consensus estimates of $0.85. The firm had revenue of $891.10 million for the quarter, compared to analyst estimates of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. Sell-side analysts expect that Gildan Activewear Inc. will post 2.97 EPS for the current fiscal year.
Gildan Activewear Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 21st will be given a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 21st. Gildan Activewear's payout ratio is 32.41%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on GIL shares. Royal Bank of Canada increased their target price on Gildan Activewear from $41.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Citigroup raised their target price on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. TD Securities boosted their target price on shares of Gildan Activewear from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, November 1st. BMO Capital Markets increased their price target on shares of Gildan Activewear from $47.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.85.
Read Our Latest Analysis on Gildan Activewear
About Gildan Activewear
(
Free Report)
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.
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