Axa S.A. Has $649,000 Stock Position in Gildan Activewear Inc. (NYSE:GIL)

Axa S.A. lowered its position in shares of Gildan Activewear Inc. (NYSE:GIL – Get Rating) (TSE:GIL) by 23.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,935 shares of the textile maker’s stock after selling 6,959 shares during the quarter. Axa S.A.’s holdings in Gildan Activewear were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Gildan Activewear by 180.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 927 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 597 shares in the last quarter. Addison Advisors LLC grew its position in Gildan Activewear by 311.9% in the third quarter. Addison Advisors LLC now owns 1,071 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 811 shares during the last quarter. Advisors Asset Management Inc. grew its position in Gildan Activewear by 16.9% in the third quarter. Advisors Asset Management Inc. now owns 5,899 shares of the textile maker’s stock valued at $167,000 after acquiring an additional 854 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Gildan Activewear by 36.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,381 shares of the textile maker’s stock valued at $127,000 after acquiring an additional 896 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Gildan Activewear by 11.3% in the second quarter. Prudential Financial Inc. now owns 9,774 shares of the textile maker’s stock valued at $281,000 after acquiring an additional 990 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GIL shares. TD Securities cut Gildan Activewear from a “buy” rating to a “hold” rating and decreased their target price for the company from $43.00 to $36.00 in a research report on Monday, January 23rd. TheStreet cut Gildan Activewear from a “b” rating to a “c+” rating in a report on Wednesday, February 22nd. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price target on shares of Gildan Activewear in a report on Thursday, February 23rd. Finally, National Bank Financial boosted their price target on Gildan Activewear from C$45.00 to C$46.00 in a report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.50.

Gildan Activewear Price Performance

Shares of GIL opened at $31.75 on Wednesday. Gildan Activewear Inc. has a 52-week low of $25.67 and a 52-week high of $39.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 2.69. The business’s 50 day moving average price is $29.61 and its two-hundred day moving average price is $29.76. The firm has a market cap of $5.71 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27.

Gildan Activewear (NYSE:GIL – Get Rating) (TSE:GIL) last issued its earnings results on Wednesday, February 22nd. The textile maker reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Gildan Activewear had a return on equity of 30.81% and a net margin of 16.71%. The firm had revenue of $720.00 million for the quarter, compared to analyst estimates of $761.15 million. During the same period in the previous year, the company earned $0.76 earnings per share. Gildan Activewear’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Gildan Activewear Inc. will post 3.09 EPS for the current year.

Gildan Activewear Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Tuesday, March 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 13th. Gildan Activewear’s payout ratio is currently 23.21%.

Gildan Activewear Profile

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Gildan Activewear, Inc is engaged in the manufacturing and sale of printwear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand name Gildan, Alstyle, American Apparel, Comfort Colors, GOLD TOE, Anvil, Secret, Silks, and Peds.