Gotham Asset Management LLC Buys 5,513 Shares of Gildan Activewear Inc. (NYSE:GIL)

Gotham Asset Management LLC boosted its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 42.3% in the 4th quarter, Holdings Channel reports. The firm owned 18,532 shares of the textile maker’s stock after acquiring an additional 5,513 shares during the quarter. Gotham Asset Management LLC’s holdings in Gildan Activewear were worth $872,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in Gildan Activewear in the 4th quarter worth about $28,000. Fifth Third Bancorp boosted its position in shares of Gildan Activewear by 61.8% during 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. Steward Partners Investment Advisory LLC boosted its position in shares of Gildan Activewear by 500.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 745 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Gildan Activewear by 899.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 908 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Gildan Activewear by 561.9% during the 4th quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 1,208 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE:GIL opened at $50.09 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98. The business has a 50 day moving average of $44.28 and a 200 day moving average of $47.83. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.76 and a beta of 1.21. Gildan Activewear Inc. has a 1-year low of $35.33 and a 1-year high of $55.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $711.70 million for the quarter, compared to analysts’ expectations of $715.29 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. On average, sell-side analysts predict that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is 34.75%.

Analyst Ratings Changes

GIL has been the subject of a number of research analyst reports. Barclays initiated coverage on Gildan Activewear in a research report on Monday, April 28th. They set an “overweight” rating and a $51.00 price target for the company. BMO Capital Markets lifted their price target on Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. TD Securities lifted their price target on Gildan Activewear from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Citigroup lifted their price target on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $58.20.

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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.