Gildan Activewear Inc. (NYSE:GIL) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 79.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,897 shares of the textile maker’s stock after acquiring an additional 4,395 shares during the period. Fox Run Management L.L.C.’s holdings in Gildan Activewear were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in Gildan Activewear during the 4th quarter valued at about $28,000. Fifth Third Bancorp boosted its position in Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after buying an additional 333 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Gildan Activewear by 500.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock worth $42,000 after buying an additional 745 shares during the period. Venturi Wealth Management LLC raised its position in Gildan Activewear by 899.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after buying an additional 908 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in 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 period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Down 1.0 %

Shares of NYSE:GIL opened at $45.11 on Wednesday. The business’s 50 day moving average price is $50.51 and its 200-day moving average price is $48.68. Gildan Activewear Inc. has a 1 year low of $32.23 and a 1 year high of $55.39. The firm has a market capitalization of $6.86 billion, a price-to-earnings 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 (NYSE:GIL) (TSE:GIL) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.30). Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. During the same quarter last year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. CIBC increased their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Citigroup boosted their price objective on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, February 20th. UBS Group upped their target price on Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Canaccord Genuity Group boosted their price target on Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus raised their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gildan Activewear has an average rating of “Buy” and an average price target of $60.00.

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.