Clarius Group LLC Invests $204,000 in Gildan Activewear Inc. (NYSE:GIL)

Clarius Group LLC acquired a new position in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,338 shares of the textile maker’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AGF Management Ltd. boosted its position in shares of Gildan Activewear by 4.8% during the second quarter. AGF Management Ltd. now owns 19,877 shares of the textile maker’s stock worth $641,000 after buying an additional 916 shares during the period. TD Asset Management Inc boosted its position in shares of Gildan Activewear by 4.8% during the second quarter. TD Asset Management Inc now owns 617,668 shares of the textile maker’s stock worth $19,936,000 after buying an additional 28,370 shares during the period. Cumberland Partners Ltd boosted its position in shares of Gildan Activewear by 7.1% during the second quarter. Cumberland Partners Ltd now owns 80,000 shares of the textile maker’s stock worth $2,582,000 after buying an additional 5,335 shares during the period. Andra AP fonden boosted its position in shares of Gildan Activewear by 10.7% during the second quarter. Andra AP fonden now owns 12,400 shares of the textile maker’s stock worth $530,000 after buying an additional 1,200 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Gildan Activewear by 25.4% during the second quarter. Kovitz Investment Group Partners LLC now owns 3,142,747 shares of the textile maker’s stock worth $101,322,000 after buying an additional 635,652 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

NYSE GIL opened at $35.73 on Friday. Gildan Activewear Inc. has a 1 year low of $26.30 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 2.50. The stock has a market capitalization of $6.15 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.55 and a beta of 1.31. The business’s fifty day moving average is $29.69 and its two-hundred day moving average is $30.10.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.186 per share. This represents a $0.74 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, November 21st. Gildan Activewear’s payout ratio is 28.35%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on Gildan Activewear from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Desjardins boosted their target price on Gildan Activewear from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Stifel Nicolaus boosted their target price on Gildan Activewear from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. StockNews.com raised Gildan Activewear from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada boosted their target price on Gildan Activewear from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.77.

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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.