Jones Financial Companies Lllp Buys 2,417 Shares of Gildan Activewear Inc. (NYSE:GIL)

Jones Financial Companies Lllp boosted its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,353 shares of the textile maker’s stock after purchasing an additional 2,417 shares during the period. Jones Financial Companies Lllp’s holdings in Gildan Activewear were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its stake in shares of Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 333 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Gildan Activewear by 899.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after purchasing an additional 908 shares in the last quarter. Rhumbline Advisers raised its position in Gildan Activewear by 561.9% in the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 1,208 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Gildan Activewear by 80.1% during the fourth quarter. Blue Trust Inc. now owns 1,459 shares of the textile maker’s stock valued at $69,000 after purchasing an additional 649 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Gildan Activewear during the fourth quarter worth about $165,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analysts Set New Price Targets

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

Gildan Activewear Stock Down 0.4 %

Shares of Gildan Activewear stock opened at $49.29 on Tuesday. The stock’s 50-day moving average is $50.71 and its 200 day moving average is $48.54. Gildan Activewear Inc. has a one year low of $32.23 and a one year high of $55.39. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The business had revenue of $822.00 million for the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. Gildan Activewear’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. Equities research analysts anticipate that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be paid a $0.226 dividend. 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 1.83%. The ex-dividend date is Wednesday, March 12th. Gildan Activewear’s payout ratio is 36.00%.

Gildan Activewear 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.