TD Waterhouse Canada Inc. lifted its stake in shares of Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL) by 6.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,947,328 shares of the textile maker’s stock after buying an additional 121,661 shares during the quarter. TD Waterhouse Canada Inc. owned about 1.05% of Gildan Activewear worth $101,013,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Islay Capital Management LLC bought a new stake in shares of Gildan Activewear during the fourth quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Gildan Activewear by 161.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Gildan Activewear by 14,833.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 445 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Gildan Activewear by 867.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after buying an additional 460 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on GIL shares. TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Gildan Activewear in a research report on Thursday, August 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price target (up from $78.00) on shares of Gildan Activewear in a research report on Friday, July 31st. Scotiabank reissued a “sector outperform” rating and issued a $67.00 price objective (up from $65.00) on shares of Gildan Activewear in a report on Friday, July 31st. Finally, UBS Group increased their target price on shares of Gildan Activewear from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.00.
Gildan Activewear Stock Performance
NYSE:GIL opened at $53.70 on Friday. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 103.27 and a beta of 1.08. Gildan Activewear, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $73.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.01 and a current ratio of 1.93. The stock has a fifty day moving average price of $53.70 and a 200-day moving average price of $57.45.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%.Gildan Activewear’s revenue was up 72.3% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. As a group, equities analysts anticipate that Gildan Activewear, Inc. will post 4.67 EPS for the current fiscal year.
Gildan Activewear Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio is presently 192.31%.
Gildan Activewear Company Profile
Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.
Since its founding in 1984 by Glenn J.
Recommended Stories
- Five stocks we like better than Gildan Activewear
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding GIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gildan Activewear, Inc. (NYSE:GIL – Free Report) (TSE:GIL).
Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.
