TD Waterhouse Canada Inc. Has $10.25 Million Stock Position in Gildan Activewear Inc. (NYSE:GIL)

TD Waterhouse Canada Inc. increased its stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 73.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,174 shares of the textile maker's stock after purchasing an additional 93,338 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.14% of Gildan Activewear worth $10,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GIL. MML Investors Services LLC increased its stake in shares of Gildan Activewear by 3.2% in the 4th quarter. MML Investors Services LLC now owns 24,661 shares of the textile maker's stock valued at $1,160,000 after acquiring an additional 757 shares during the last quarter. Natixis raised its holdings in Gildan Activewear by 423.8% in the fourth quarter. Natixis now owns 1,540 shares of the textile maker's stock worth $72,000 after purchasing an additional 1,246 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Gildan Activewear by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,173,129 shares of the textile maker's stock worth $55,191,000 after purchasing an additional 7,345 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Gildan Activewear in the 4th quarter valued at $4,287,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Gildan Activewear by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 147,278 shares of the textile maker's stock valued at $6,857,000 after buying an additional 793 shares in the last quarter. Institutional investors own 82.83% of the company's stock.

Gildan Activewear Stock Down 0.9 %

Shares of GIL stock opened at $40.78 on Tuesday. The firm's fifty day moving average price is $46.58 and its two-hundred day moving average price is $48.02. 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 1 year low of $32.23 and a 1 year high of $55.39. The firm has a market capitalization of $6.18 billion, a P/E ratio of 16.31, a PEG ratio of 1.76 and a beta of 1.16.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its earnings results 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 net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. During the same period in the prior year, the firm posted $0.75 EPS. Gildan Activewear's revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

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

About Gildan Activewear

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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