Gildan Activewear Inc. (NYSE:GIL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 2.7% during the 4th quarter, Holdings Channel reports. The fund owned 508,700 shares of the textile maker’s stock after selling 14,335 shares during the quarter. Natixis Advisors LLC’s holdings in Gildan Activewear were worth $23,934,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc purchased a new stake in shares of Gildan Activewear in the 3rd quarter valued at approximately $391,000. Intech Investment Management LLC purchased a new position in Gildan Activewear in the third quarter valued at $544,000. Cerity Partners LLC raised its stake in Gildan Activewear by 171.1% in the third quarter. Cerity Partners LLC now owns 17,720 shares of the textile maker’s stock valued at $835,000 after buying an additional 11,184 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Gildan Activewear during the 3rd quarter worth about $462,000. Finally, DRW Securities LLC acquired a new position in shares of Gildan Activewear during the 3rd quarter worth about $1,663,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Up 0.6 %

Shares of GIL stock opened at $46.80 on Tuesday. The company has a market capitalization of $7.11 billion, a P/E ratio of 18.72, a price-to-earnings-growth 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. The business’s 50 day moving average is $50.72 and its two-hundred day moving average is $48.64. Gildan Activewear Inc. has a twelve month low of $32.23 and a twelve month high of $55.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The firm had revenue of $822.00 million during the quarter, compared to analysts’ expectations of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Equities 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 issued a dividend of $0.226 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.15. This represents a $0.90 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio is currently 36.00%.

Wall Street Analyst Weigh In

GIL has been the subject of a number of research analyst reports. TD Securities upped their price target on Gildan Activewear from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Citigroup increased their target price on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research report 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 company an “outperform” rating in a research note on Thursday, February 20th. CIBC upped their target price on Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group raised their price target on Gildan Activewear from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $60.00.

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.