Gildan Activewear, Inc. (NYSE:GIL) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 44.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,729 shares of the textile maker’s stock after purchasing an additional 4,239 shares during the period. US Bancorp DE’s holdings in Gildan Activewear were worth $607,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gildan Activewear during the first quarter worth $1,072,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Gildan Activewear in the first quarter valued at $474,000. Polar Asset Management Partners Inc. raised its holdings in Gildan Activewear by 55.6% in the fourth quarter. Polar Asset Management Partners Inc. now owns 26,450 shares of the textile maker’s stock valued at $1,244,000 after acquiring an additional 9,450 shares in the last quarter. Shell Asset Management Co. raised its holdings in Gildan Activewear by 250.0% in the fourth quarter. Shell Asset Management Co. now owns 27,721 shares of the textile maker’s stock valued at $1,304,000 after acquiring an additional 19,800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Gildan Activewear by 262.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 45,451 shares of the textile maker’s stock valued at $2,138,000 after acquiring an additional 32,911 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $50.97 on Tuesday. Gildan Activewear, Inc. has a 12 month low of $37.16 and a 12 month high of $55.39. The company has a quick ratio of 1.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.37. The stock has a market cap of $7.61 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The business has a fifty day simple moving average of $49.94 and a 200-day simple moving average of $48.30.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, July 31st. The textile maker reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $918.50 million for the quarter, compared to analysts’ expectations of $908.41 million. Gildan Activewear had a return on equity of 34.31% and a net margin of 14.55%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. On average, sell-side analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 21st will be given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 21st. Gildan Activewear’s dividend payout ratio is 28.57%.

Analysts Set New Price Targets

Several research firms recently issued reports on GIL. Wall Street Zen raised shares of Gildan Activewear from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada initiated coverage on shares of Gildan Activewear in a research note on Tuesday, August 5th. They set an “outperform” rating and a $61.00 target price for the company. National Bankshares boosted their target price on shares of Gildan Activewear from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. CIBC upped their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperformer” rating in a research report on Friday, August 1st. Finally, TD Securities upped their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus price target of $62.33.

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.