Signaturefd LLC Purchases 1,260 Shares of Gildan Activewear Inc. (NYSE:GIL)

Signaturefd LLC increased its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 30.7% during the fourth quarter, Holdings Channel reports. The firm owned 5,364 shares of the textile maker’s stock after buying an additional 1,260 shares during the quarter. Signaturefd LLC’s holdings in Gildan Activewear were worth $177,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GIL. Vaughan Nelson Investment Management L.P. bought a new position in Gildan Activewear in the 4th quarter valued at about $34,456,000. Galibier Capital Management Ltd. bought a new position in Gildan Activewear in the 3rd quarter valued at about $26,255,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Gildan Activewear by 130.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 925,970 shares of the textile maker’s stock valued at $25,952,000 after acquiring an additional 524,691 shares during the period. Strs Ohio raised its holdings in Gildan Activewear by 443.6% in the 4th quarter. Strs Ohio now owns 588,202 shares of the textile maker’s stock valued at $19,547,000 after acquiring an additional 480,000 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Gildan Activewear by 13.5% during the third quarter. The Manufacturers Life Insurance Company now owns 2,548,189 shares of the textile maker’s stock worth $71,933,000 after purchasing an additional 303,697 shares during the period. 82.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Scotiabank raised their target price on shares of Gildan Activewear from $39.50 to $40.50 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. UBS Group lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and cut their target price for the company from $40.00 to $37.00 in a research report on Friday, January 5th. Stifel Nicolaus raised their target price on shares of Gildan Activewear from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, February 22nd. TD Securities raised their target price on shares of Gildan Activewear from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, CIBC raised their target price on shares of Gildan Activewear from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.25.

Gildan Activewear Trading Up 0.7 %

GIL opened at $35.30 on Monday. Gildan Activewear Inc. has a 1-year low of $26.98 and a 1-year high of $38.87. The company has a current ratio of 2.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The company has a market cap of $5.95 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.38. The company has a fifty day moving average price of $35.57 and a two-hundred day moving average price of $33.88.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $782.70 million during the quarter, compared to analysts’ expectations of $753.35 million. Gildan Activewear had a net margin of 16.70% and a return on equity of 23.19%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Analysts predict that Gildan Activewear Inc. will post 2.94 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.205 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is currently 27.06%.

Gildan Activewear 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.