Gildan Activewear Inc. (NYSE:GIL) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,364 shares of the textile maker’s stock after acquiring an additional 1,260 shares during the quarter. Signaturefd LLC’s holdings in Gildan Activewear were worth $177,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Verdence Capital Advisors LLC acquired a new stake in Gildan Activewear during the fourth quarter valued at approximately $380,000. Cooke & Bieler LP raised its stake in Gildan Activewear by 1.7% during the fourth quarter. Cooke & Bieler LP now owns 10,075,062 shares of the textile maker’s stock valued at $333,082,000 after buying an additional 169,476 shares in the last quarter. Avior Wealth Management LLC raised its stake in Gildan Activewear by 11.2% during the fourth quarter. Avior Wealth Management LLC now owns 30,804 shares of the textile maker’s stock valued at $1,018,000 after buying an additional 3,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Gildan Activewear by 5.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,446 shares of the textile maker’s stock valued at $1,743,000 after buying an additional 2,713 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Gildan Activewear by 1.1% during the fourth quarter. Mackenzie Financial Corp now owns 2,712,021 shares of the textile maker’s stock valued at $89,732,000 after purchasing an additional 29,193 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GIL shares. Citigroup upped their target price on Gildan Activewear from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 target price on shares of Gildan Activewear in a report on Monday, April 8th. UBS Group lowered Gildan Activewear from a “buy” rating to a “neutral” rating and lowered their target price for the company from $40.00 to $37.00 in a report on Friday, January 5th. TD Securities upped their target price on Gildan Activewear from $42.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Scotiabank upped their target price on Gildan Activewear from $39.50 to $40.50 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.25.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $35.30 on Monday. Gildan Activewear Inc. has a 12-month low of $26.98 and a 12-month high of $38.87. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.38. The business has a 50 day simple moving average of $35.57 and a 200 day simple moving average of $33.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.83.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $782.70 million during the quarter, compared to analyst estimates of $753.35 million. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. On average, equities research analysts anticipate that Gildan Activewear Inc. will post 2.94 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.19. Gildan Activewear’s dividend payout ratio is 27.06%.

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.