Gildan Activewear Inc. (NYSE:GIL) Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC lifted its holdings in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,200 shares of the textile maker’s stock after buying an additional 4,700 shares during the period. Todd Asset Management LLC’s holdings in Gildan Activewear were worth $3,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp bought a new position in shares of Gildan Activewear in the fourth quarter worth $209,000. Natixis Advisors L.P. increased its stake in Gildan Activewear by 1,319.8% during the 4th quarter. Natixis Advisors L.P. now owns 187,467 shares of the textile maker’s stock valued at $6,197,000 after buying an additional 174,263 shares during the period. Savant Capital LLC bought a new stake in shares of Gildan Activewear during the 4th quarter worth about $395,000. Syon Capital LLC acquired a new stake in shares of Gildan Activewear in the 4th quarter worth approximately $219,000. Finally, Duality Advisers LP bought a new position in shares of Gildan Activewear in the fourth quarter valued at approximately $301,000. 82.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GIL has been the topic of several recent analyst reports. Scotiabank boosted their target price on Gildan Activewear from $39.50 to $40.50 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Gildan Activewear in a report on Monday, April 8th. Canaccord Genuity Group raised their target price on Gildan Activewear from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Finally, Citigroup raised their price objective on shares of Gildan Activewear from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.95.

Gildan Activewear Trading Down 1.3 %

Shares of GIL traded down $0.43 during midday trading on Friday, hitting $33.10. The stock had a trading volume of 434,778 shares, compared to its average volume of 724,448. The business has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $33.99. The firm has a market cap of $5.58 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.38. The company has a current ratio of 2.38, a quick ratio of 0.83 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.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $692.94 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, equities analysts forecast that Gildan Activewear Inc. will post 2.94 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Thursday, May 23rd will be issued 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 dividend yield of 2.48%. Gildan Activewear’s dividend payout ratio is 27.36%.

Gildan Activewear Company 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.