Davidson Investment Advisors lifted its holdings in shares of Gildan Activewear Inc. (NYSE:GIL – Free Report) (TSE:GIL) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 532,936 shares of the textile maker’s stock after acquiring an additional 898 shares during the quarter. Davidson Investment Advisors owned approximately 0.30% of Gildan Activewear worth $17,182,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Cooke & Bieler LP boosted its stake in Gildan Activewear by 0.6% in the 1st quarter. Cooke & Bieler LP now owns 9,926,688 shares of the textile maker’s stock valued at $329,467,000 after purchasing an additional 62,244 shares during the period. FMR LLC boosted its stake in Gildan Activewear by 2.7% in the 1st quarter. FMR LLC now owns 8,082,740 shares of the textile maker’s stock valued at $268,527,000 after purchasing an additional 211,327 shares during the period. Browning West LP boosted its stake in Gildan Activewear by 7.1% in the 1st quarter. Browning West LP now owns 6,395,548 shares of the textile maker’s stock valued at $212,268,000 after purchasing an additional 425,000 shares during the period. Vanguard Group Inc. boosted its stake in Gildan Activewear by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,349,722 shares of the textile maker’s stock valued at $179,507,000 after purchasing an additional 22,957 shares during the period. Finally, Turtle Creek Asset Management Inc. raised its holdings in Gildan Activewear by 6.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 4,975,649 shares of the textile maker’s stock valued at $165,142,000 after acquiring an additional 279,652 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
GIL has been the subject of several analyst reports. Desjardins lifted their price objective on Gildan Activewear from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 3rd. TD Securities boosted their price target on Gildan Activewear from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. StockNews.com upgraded Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Scotiabank upped their price target on Gildan Activewear from $36.50 to $39.50 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, BMO Capital Markets reduced their price target on Gildan Activewear from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.77.
Gildan Activewear Trading Up 0.0 %
Shares of Gildan Activewear stock traded up $0.01 on Monday, hitting $35.74. 225,642 shares of the company’s stock traded hands, compared to its average volume of 543,233. Gildan Activewear Inc. has a one year low of $26.30 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.50 and a quick ratio of 0.93. The company has a fifty day moving average of $29.69 and a two-hundred day moving average of $30.07. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31.
Gildan Activewear Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.186 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.35%.
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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.
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