Other institutional investors also recently bought and sold shares of the company. Edison Advisors LLC increased its stake in Gildan Activewear by 97.5% in the 1st quarter. Edison Advisors LLC now owns 1,627 shares of the clothing maker’s stock worth $54,000 after buying an additional 803 shares during the period. Covester Ltd. bought a new position in shares of Gildan Activewear in the second quarter worth approximately $76,000. SignatureFD LLC increased its position in shares of Gildan Activewear by 16.0% in the 2nd quarter. SignatureFD LLC now owns 2,946 shares of the clothing maker’s stock worth $95,000 after acquiring an additional 407 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Gildan Activewear in the 3rd quarter worth approximately $106,000. Finally, Jones Financial Companies LLP boosted its position in shares of Gildan Activewear by 11.4% in the 1st quarter. Jones Financial Companies LLP now owns 3,413 shares of the textile maker’s stock worth $113,000 after acquiring an additional 348 shares in the last quarter. 79.09% of the stock is held by institutional investors and hedge funds.
Gildan Activewear Price Performance
GIL stock opened at $35.90 on Friday. The business’s fifty day moving average is $30.42 and its two hundred day moving average is $30.28. The company has a quick ratio of 0.93, a current ratio of 2.50 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. Gildan Activewear Inc. has a 52-week low of $26.30 and a 52-week high of $36.02.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 2nd. The textile maker reported $0.74 earnings per share for the quarter, surpassing analysts’ consensus estimate of $0.73 by $0.01. Gildan Activewear had a return on equity of 22.80% and a net margin of 14.81%. The business had revenue of $869.90 million during the quarter, compared to analysts’ estimates of $834.15 million. As a group, research analysts forecast that Gildan Activewear Inc. will post 2.55 earnings per share for the current year.
Gildan Activewear Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Wednesday, November 22nd will be paid a $0.186 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.74 dividend on an annual basis and a dividend yield of 2.07%. Gildan Activewear’s payout ratio is currently 28.35%.
Wall Street analysts predict growth
Several equities analysts have recently weighed in on GIL shares. BMO Capital Markets lowered their target price 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. TD Securities raised their target price on Gildan Activewear from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Canaccord Genuity Group raised their target price on Gildan Activewear from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada increased their target price on Gildan Activewear from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, StockNews.com upgraded Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One analyst has given a hold rating to the stock and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.77.
Check out our latest research report on Gildan Activewear
Gildan Activewear Company Profile
(free report)
Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific and Latin America. It offers a variety of 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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(TagstoTranslate)Gildan Activewear(T)NYSE:GIL(T)GIL(T)Consumer Discretionary(T)SEC Filings(T)13F(T)Hedge Fund Holdings(T)Institutional Investor Holdings(T)
