Janus Henderson Group PLC Has $589.51 Million Stock Holdings in Gildan Activewear, Inc. $GIL

Janus Henderson Group PLC lifted its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,593,203 shares of the textile maker’s stock after buying an additional 98,134 shares during the quarter. Janus Henderson Group PLC owned about 0.06% of Gildan Activewear worth $589,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GIL. Caisse de depot et placement du Quebec grew its holdings in Gildan Activewear by 1,695.7% during the 4th quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker’s stock worth $390,539,000 after acquiring an additional 5,892,514 shares during the last quarter. Norges Bank acquired a new position in shares of Gildan Activewear during the fourth quarter worth approximately $151,018,000. Mackenzie Financial Corp grew its stake in shares of Gildan Activewear by 41.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker’s stock valued at $429,382,000 after purchasing an additional 2,001,279 shares during the last quarter. Brandes Investment Partners LP bought a new stake in shares of Gildan Activewear during the fourth quarter valued at approximately $99,870,000. Finally, Vanguard Group Inc. grew its stake in shares of Gildan Activewear by 26.0% during the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker’s stock valued at $472,964,000 after purchasing an additional 1,561,729 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Down 1.2%

Shares of NYSE:GIL opened at $51.10 on Thursday. The company has a 50 day moving average price of $54.62 and a two-hundred day moving average price of $59.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.17 and a current ratio of 2.35. The company has a market capitalization of $9.46 billion, a PE ratio of 30.06 and a beta of 1.11. Gildan Activewear, Inc. has a 52 week low of $46.00 and a 52 week high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 63.8% compared to the same quarter last year. Analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Gildan Activewear in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $77.00 price objective on shares of Gildan Activewear in a research report on Friday, May 1st. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. Finally, Stifel Nicolaus set a $80.00 price target on Gildan Activewear and gave the company a “buy” rating in a research note on Monday, July 20th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus target price of $78.21.

About Gildan Activewear

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.