Gildan Activewear Inc. (NYSE:GIL) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its stake in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,069 shares of the textile maker’s stock after purchasing an additional 492 shares during the period. TD Private Client Wealth LLC’s holdings in Gildan Activewear were worth $144,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GIL. Plato Investment Management Ltd acquired a new stake in Gildan Activewear during the 4th quarter worth about $28,000. Fifth Third Bancorp increased its position in shares of Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after acquiring an additional 333 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Gildan Activewear by 500.0% during the fourth 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 period. Venturi Wealth Management LLC raised its holdings in shares of Gildan Activewear by 899.0% during the fourth 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 period. Finally, Rhumbline Advisers lifted its position in shares of Gildan Activewear by 561.9% in 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 in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Stock Down 1.0 %

GIL opened at $45.11 on Wednesday. The company has a market capitalization of $6.86 billion, a PE ratio of 18.04, a price-to-earnings-growth 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 Inc. has a fifty-two week low of $32.23 and a fifty-two week high of $55.39. The business has a 50-day moving average of $50.51 and a 200-day moving average of $48.68.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate 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 net margin of 12.26% and a return on equity of 28.80%. Gildan Activewear’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. Equities research analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 2.00%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio is presently 36.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. CIBC lifted their price target on Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Canaccord Genuity Group upped their price target on Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Citigroup raised their price objective on Gildan Activewear from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, TD Securities upped their target price on Gildan Activewear from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $60.00.

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.