Capstone Investment Advisors LLC Makes New $386,000 Investment in Gildan Activewear Inc. (NYSE:GIL)

Capstone Investment Advisors LLC acquired a new stake in Gildan Activewear Inc. (NYSE:GILFree Report) (TSE:GIL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,686 shares of the textile maker’s stock, valued at approximately $386,000.

A number of other hedge funds have also modified their holdings of the business. Allianz Asset Management GmbH increased its position in Gildan Activewear by 312.9% in the 4th quarter. Allianz Asset Management GmbH now owns 81,694 shares of the textile maker’s stock valued at $2,718,000 after acquiring an additional 61,909 shares during the period. TD Asset Management Inc raised its stake in shares of Gildan Activewear by 1.7% during the fourth quarter. TD Asset Management Inc now owns 614,015 shares of the textile maker’s stock worth $20,405,000 after purchasing an additional 10,481 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Gildan Activewear during the fourth quarter worth $1,114,000. Clearbridge Investments LLC acquired a new position in Gildan Activewear in the 4th quarter valued at $246,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Gildan Activewear during the 4th quarter worth $582,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GIL shares. CIBC increased their target price on Gildan Activewear from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Gildan Activewear in a research note on Monday, April 8th. Stifel Nicolaus increased their price target on shares of Gildan Activewear from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Citigroup boosted their price objective on shares of Gildan Activewear from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, TD Securities increased their target price on shares of Gildan Activewear from $42.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.95.

Check Out Our Latest Stock Report on GIL

Gildan Activewear Stock Performance

NYSE GIL opened at $38.27 on Friday. The company has a quick ratio of 0.92, a current ratio of 2.38 and a debt-to-equity ratio of 0.48. Gildan Activewear Inc. has a fifty-two week low of $26.98 and a fifty-two week high of $38.87. The business has a fifty day moving average of $35.63 and a 200-day moving average of $34.66. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last announced its earnings results on Wednesday, May 1st. The textile maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. Gildan Activewear had a net margin of 16.14% and a return on equity of 24.00%. The firm had revenue of $695.80 million during the quarter, compared to the consensus estimate of $692.94 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts predict that Gildan Activewear Inc. will post 2.92 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Thursday, May 23rd will be given a dividend of $0.205 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.82 dividend on an annualized basis and a yield of 2.14%. Gildan Activewear’s dividend payout ratio (DPR) is currently 27.70%.

Gildan Activewear 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 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.

Further Reading

Institutional Ownership by Quarter for Gildan Activewear (NYSE: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.