Gildan Activewear Inc. (NYSE:GIL) Shares Acquired by Cooper Financial Group

Cooper Financial Group boosted its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,268 shares of the textile maker’s stock after acquiring an additional 340 shares during the period. Cooper Financial Group’s holdings in Gildan Activewear were worth $765,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Gildan Activewear in the third quarter valued at $29,000. Blue Trust Inc. lifted its position in Gildan Activewear by 96.1% in the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after buying an additional 397 shares during the last quarter. CWM LLC boosted its stake in Gildan Activewear by 23.0% during the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock worth $80,000 after buying an additional 318 shares during the period. SYSTM Wealth Solutions LLC increased its position in shares of Gildan Activewear by 33.1% during the second quarter. SYSTM Wealth Solutions LLC now owns 2,709 shares of the textile maker’s stock valued at $103,000 after acquiring an additional 674 shares during the last quarter. Finally, Laurus Investment Counsel Inc. purchased a new stake in shares of Gildan Activewear in the 3rd quarter valued at approximately $203,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Trading Down 0.7 %

NYSE:GIL opened at $47.96 on Tuesday. Gildan Activewear Inc. has a 1 year low of $30.68 and a 1 year high of $50.60. The stock has a market cap of $7.33 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 2.31. The stock has a 50-day simple moving average of $48.28 and a 200-day simple moving average of $45.29.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. As a group, analysts anticipate that Gildan Activewear Inc. will post 2.97 earnings per share for the current fiscal year.

Gildan Activewear Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, November 21st were given a $0.152 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.61 dividend on an annualized basis and a yield of 1.27%. Gildan Activewear’s dividend payout ratio (DPR) is presently 32.41%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised Gildan Activewear from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $60.00 in a research note on Friday. BMO Capital Markets increased their target price on Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their target price on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup increased their price target on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gildan Activewear currently has an average rating of “Buy” and an average target price of $53.35.

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.