Zions Bancorporation N.A. Buys 14,274 Shares of Gildan Activewear Inc. (NYSE:GIL)

Zions Bancorporation N.A. increased its position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 88.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,474 shares of the textile maker's stock after acquiring an additional 14,274 shares during the quarter. Zions Bancorporation N.A.'s holdings in Gildan Activewear were worth $1,434,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIL. Segall Bryant & Hamill LLC boosted its position in shares of Gildan Activewear by 3.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 447,464 shares of the textile maker's stock valued at $21,053,000 after acquiring an additional 16,578 shares during the last quarter. LPL Financial LLC lifted its position in Gildan Activewear by 65.4% during the fourth quarter. LPL Financial LLC now owns 56,419 shares of the textile maker's stock valued at $2,655,000 after purchasing an additional 22,313 shares during the last quarter. Fox Run Management L.L.C. grew its stake in Gildan Activewear by 79.9% in the 4th quarter. Fox Run Management L.L.C. now owns 9,897 shares of the textile maker's stock worth $466,000 after buying an additional 4,395 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Gildan Activewear by 113.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 505,716 shares of the textile maker's stock worth $23,774,000 after buying an additional 268,846 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Gildan Activewear by 1.7% during the 4th quarter. Sei Investments Co. now owns 220,422 shares of the textile maker's stock valued at $10,371,000 after buying an additional 3,647 shares in the last quarter. Institutional investors own 82.83% of the company's stock.

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Gildan Activewear Trading Up 0.3 %

GIL stock traded up $0.13 on Friday, reaching $44.94. The company's stock had a trading volume of 496,840 shares, compared to its average volume of 638,906. The firm has a market cap of $6.83 billion, a PE ratio of 17.98, a PEG ratio of 1.76 and a beta of 1.39. The business has a fifty day simple moving average of $50.21 and a two-hundred day simple moving average of $48.66. Gildan Activewear Inc. has a 12-month low of $32.23 and a 12-month high of $55.39. 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 (NYSE:GIL - Get Free Report) TSE: GIL last posted its 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 company had revenue of $822.00 million during 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 period in the prior year, the business posted $0.75 earnings per share. As a group, research analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be given a dividend of $0.226 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 2.01%. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend payout ratio (DPR) is 36.00%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GIL shares. Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. UBS Group raised their price objective on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Stifel Nicolaus increased their price target on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. BMO Capital Markets boosted their price objective 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. Finally, Citigroup lifted their target price on shares of Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $60.00.

Gildan Activewear 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.