Gildan Activewear Inc. (NYSE:GIL) Shares Sold by Amundi

Amundi trimmed its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,341 shares of the textile maker’s stock after selling 15,858 shares during the quarter. Amundi owned approximately 0.10% of Gildan Activewear worth $7,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIL. Janus Henderson Group PLC grew its position in Gildan Activewear by 3.6% during the 3rd quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker’s stock worth $322,298,000 after purchasing an additional 240,375 shares during the last quarter. Simcoe Capital Management LLC grew its holdings in shares of Gildan Activewear by 10.5% during the third quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock worth $112,492,000 after buying an additional 226,695 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Gildan Activewear by 2.8% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,618,420 shares of the textile maker’s stock valued at $76,244,000 after acquiring an additional 44,725 shares during the period. CIBC Asset Management Inc raised its stake in Gildan Activewear by 545.1% during the 4th quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker’s stock valued at $57,403,000 after acquiring an additional 1,022,695 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in Gildan Activewear by 192.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 742,149 shares of the textile maker’s stock worth $34,918,000 after acquiring an additional 488,602 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GIL shares. Citigroup upped their price target on Gildan Activewear from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. BMO Capital Markets upped their price objective on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an “outperform” 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 company a “buy” rating in a report on Thursday, February 20th. TD Securities increased their price target on shares of Gildan Activewear from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.00.

Gildan Activewear Price Performance

GIL stock opened at $46.53 on Friday. The firm has a 50 day moving average of $50.73 and a 200-day moving average of $48.60. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.76 and a beta of 1.39. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. Gildan Activewear Inc. has a 12-month low of $32.23 and a 12-month high of $55.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.30). The firm had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, equities analysts expect that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.226 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. This represents a $0.90 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is 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.