XTX Topco Ltd Buys Shares of 20,228 Gildan Activewear Inc. (NYSE:GIL)

XTX Topco Ltd acquired a new position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,228 shares of the textile maker's stock, valued at approximately $952,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock valued at $41,000 after buying an additional 333 shares during the period. Cooper Financial Group raised its holdings in shares of Gildan Activewear by 2.1% in the 4th quarter. Cooper Financial Group now owns 16,268 shares of the textile maker's stock valued at $765,000 after acquiring an additional 340 shares in the last quarter. Huntington National Bank boosted its position in shares of Gildan Activewear by 16.4% during the 4th quarter. Huntington National Bank now owns 2,803 shares of the textile maker's stock valued at $132,000 after acquiring an additional 395 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Gildan Activewear by 19.1% during the fourth quarter. TD Private Client Wealth LLC now owns 3,069 shares of the textile maker's stock worth $144,000 after purchasing an additional 492 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in shares of Gildan Activewear in the fourth quarter worth approximately $28,000. 82.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GIL has been the topic of several research reports. Canaccord Genuity Group raised their price objective on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Citigroup increased their price objective on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus lifted their target price 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. UBS Group upped their price target 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. Finally, BMO Capital Markets raised their target price 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Gildan Activewear presently has an average rating of "Buy" and a consensus price target of $60.00.

Gildan Activewear Stock Up 2.3 %

Shares of GIL traded up $0.95 on Tuesday, reaching $41.77. The stock had a trading volume of 52,353 shares, compared to its average volume of 641,093. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. Gildan Activewear Inc. has a 12-month low of $32.23 and a 12-month high of $55.39. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a 50-day simple moving average of $46.58 and a 200-day simple moving average of $48.02.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly 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 business had revenue of $822.00 million for the quarter, compared to analysts' expectations of $805.75 million. During the same period last year, the business earned $0.75 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.226 per share. The ex-dividend date was Wednesday, March 12th. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. This represents a $0.90 annualized dividend and a dividend yield of 2.16%. Gildan Activewear's dividend payout ratio (DPR) 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.