6,240 Shares in Gildan Activewear Inc. (NYSE:GIL) Bought by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP bought a new position in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,240 shares of the textile maker’s stock, valued at approximately $294,000.

Other hedge funds have also bought and sold shares of the company. BOKF NA increased its stake in Gildan Activewear by 791.7% in the first quarter. BOKF NA now owns 2,800 shares of the textile maker’s stock valued at $104,000 after purchasing an additional 2,486 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Gildan Activewear during the first quarter valued at about $420,000. Tidal Investments LLC acquired a new position in shares of Gildan Activewear during the first quarter valued at about $397,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Gildan Activewear by 1.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 103,520 shares of the textile maker’s stock worth $3,844,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Boston Partners boosted its holdings in Gildan Activewear by 217.3% during the first quarter. Boston Partners now owns 357,910 shares of the textile maker’s stock worth $13,281,000 after purchasing an additional 245,119 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of NYSE:GIL opened at $49.56 on Thursday. The company has a 50 day moving average of $48.01 and a 200 day moving average of $42.76. The stock has a market cap of $7.63 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.87 and a beta of 1.44. Gildan Activewear Inc. has a 12 month low of $30.68 and a 12 month high of $50.58. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $891.10 million during the quarter, compared to analysts’ expectations of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. Gildan Activewear’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. As a group, sell-side analysts forecast that Gildan Activewear Inc. will post 2.97 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 21st will be paid a $0.152 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.61 dividend on an annualized basis and a yield of 1.23%. Gildan Activewear’s dividend payout ratio is presently 32.41%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GIL. Citigroup boosted their price target on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Canaccord Genuity Group boosted their price target on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 1st. CIBC boosted their price target on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on shares of Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.85.

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.