Gildan Activewear Inc. (NYSE:GIL) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Gildan Activewear Inc. (NYSE:GILGet Rating) (TSE:GIL) by 64.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,125 shares of the textile maker’s stock after acquiring an additional 14,511 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Gildan Activewear were worth $1,050,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in Gildan Activewear by 2.7% in the second quarter. Crossmark Global Holdings Inc. now owns 20,542 shares of the textile maker’s stock worth $591,000 after acquiring an additional 533 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Gildan Activewear by 180.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 927 shares of the textile maker’s stock worth $27,000 after purchasing an additional 597 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Gildan Activewear by 0.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 132,666 shares of the textile maker’s stock worth $3,818,000 after purchasing an additional 710 shares during the last quarter. Arjuna Capital lifted its position in shares of Gildan Activewear by 1.7% during the 2nd quarter. Arjuna Capital now owns 44,617 shares of the textile maker’s stock worth $1,284,000 after purchasing an additional 740 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Gildan Activewear by 36.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,381 shares of the textile maker’s stock worth $127,000 after purchasing an additional 896 shares during the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GIL shares. StockNews.com started coverage on shares of Gildan Activewear in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Desjardins reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Friday, October 14th. Royal Bank of Canada cut their price target on shares of Gildan Activewear from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. National Bank Financial lifted their price target on shares of Gildan Activewear from C$43.00 to C$45.00 in a research note on Monday, October 17th. Finally, TD Securities cut their price target on shares of Gildan Activewear from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average target price of $42.25.

Gildan Activewear Price Performance

Shares of NYSE:GIL opened at $31.12 on Wednesday. The company has a 50-day simple moving average of $28.45 and a 200-day simple moving average of $29.44. Gildan Activewear Inc. has a one year low of $25.67 and a one year high of $42.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 2.58. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.12 and a beta of 1.24.

Gildan Activewear (NYSE:GILGet Rating) (TSE:GIL) last announced its earnings results on Thursday, November 3rd. The textile maker reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Gildan Activewear had a net margin of 19.11% and a return on equity of 32.33%. The business had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $836.47 million. During the same period in the prior year, the company earned $0.80 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Gildan Activewear Inc. will post 3.13 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Wednesday, November 23rd were issued a dividend of $0.169 per share. The ex-dividend date of this dividend was Tuesday, November 22nd. This represents a $0.68 annualized dividend and a yield of 2.17%. Gildan Activewear’s dividend payout ratio is currently 20.30%.

About Gildan Activewear

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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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

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Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

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