Davidson Investment Advisors increased its stake in shares of Gildan Activewear Inc. (NYSE:GIL – Get Rating ) (TSE:GIL) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission ( SEC ). The firm owned 380,936 shares of the textile maker’s stock after buying an additional 15,725 shares during the quarter. Davidson Investment Advisors owned approximately 0.21% of Gildan Activewear worth $10,769,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of GIL. American Century Companies Inc. boosted its holdings in Gildan Activewear by 38.6% during the first quarter. American Century Companies Inc. now owns 41,005 shares of the textile maker’s stock valued at $1,538,000 after purchasing an additional 11,413 shares during the period. Citigroup Inc. boosted its holdings in Gildan Activewear by 41.5% in the first quarter. Citigroup Inc. now owns 32,700 shares of the textile maker’s stock valued at $1,227,000 after purchasing an additional 9,597 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Gildan Activewear by 36.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,381 shares of the textile maker’s stock valued at $127,000 after buying an additional 896 shares during the period. Natixis Advisors LP boosted its holdings in Gildan Activewear by 35.8% in the first quarter. Natixis Advisors LP now owns 19,786 shares of the textile maker’s stock valued at $742,000 after buying an additional 5,212 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Gildan Activewear by 29.4% in the first quarter. Synovus Financial Corp now owns 33,700 shares of the textile maker’s stock valued at $1,268,000 after buying an additional 7,662 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s shares.
Gildan Activewear Stock Performance
NYSE:GIL traded down $0.24 during mid-day trading on Friday, reaching $30.23. 82,602 shares of the stock were exchanged, with an average volume of 434,722. The company has a 50-day simple moving average of $28.79 and a 200-day simple moving average of $29.54. The stock has a market cap of $5.43 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.10 and a beta of 1.24. The company has a quick ratio of 0.92, a current ratio of 2.58 and a debt-to-equity ratio of 0.46. Gildan Activewear Inc. has a 1-year low of $25.67 and a 1-year high of $41.91.
Gildan Activewear (NYSE:GIL – Get Rating ) (TSE:GIL) last posted its quarterly earnings data on Thursday, November 3rd. The textile maker reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Gildan Activewear had a return on equity of 32.33% and a net margin of 19.11%. The company had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $836.47 million. During the same period last year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Gildan Activewear Inc. will post 3.13 earnings per share for the current fiscal year.
Gildan Activewear Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Wednesday, November 23rd were given a $0.169 dividend. This represents a $0.68 annual dividend and a yield of 2.24%. The ex-dividend date was Tuesday, November 22nd. Gildan Activewear’s payout ratio is currently 20.30%.
Analysts set new price targets
GIL has been the subject of several recent research reports. StockNews.com initiated coverage on Gildan Activewear in a report on Wednesday, October 12th. They assign a “hold” rating to the stock. Royal Bank of Canada dropped their price objective on Gildan Activewear from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. National Bank Financial boosted their price objective on Gildan Activewear from C$43.00 to C$45.00 in a report on Monday, October 17th. TD Securities downgraded Gildan Activewear from a “buy” rating to a “hold” rating and reduced their price objective for the company from $43.00 to $36.00 in a report on Monday. Finally, Desjardins restated a “buy” rating on shares of Gildan Activewear in a report on Friday, October 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Moderate Buy” and an average target price of $41.38, according to MarketBeat .
Gildan Activewear Company Profile
Gildan Activewear, Inc is engaged in the manufacture and sale of printed apparel and branded apparel. Its products include activewear, underwear, socks, tights and leggings. The company operates under the brands Gildan, Alstyle, American Apparel, Comfort Colors, GOLD TOE, Anvil, Secret, Silks and Peds.
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