Duality Advisers LP Makes New $301,000 Investment in Gildan Activewear Inc. (NYSE:GIL)

Duality Advisers LP purchased a new position in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,099 shares of the textile maker’s stock, valued at approximately $301,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors L.P. increased its holdings in shares of Gildan Activewear by 2.5% in the third quarter. Natixis Advisors L.P. now owns 13,204 shares of the textile maker’s stock valued at $370,000 after purchasing an additional 324 shares during the period. CWM LLC increased its holdings in shares of Gildan Activewear by 86.5% in the fourth quarter. CWM LLC now owns 1,074 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 498 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Gildan Activewear by 120.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,646 shares of the textile maker’s stock valued at $46,000 after buying an additional 900 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Gildan Activewear by 5.1% in the third quarter. Janney Montgomery Scott LLC now owns 21,820 shares of the textile maker’s stock valued at $611,000 after buying an additional 1,055 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Gildan Activewear by 39.3% in the third quarter. Signaturefd LLC now owns 4,104 shares of the textile maker’s stock valued at $115,000 after buying an additional 1,158 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Ratings Changes

GIL has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price target on shares of Gildan Activewear in a research note on Monday, April 8th. UBS Group downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.00 to $37.00 in a research note on Friday, January 5th. CIBC lifted their price target on Gildan Activewear from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. TD Securities boosted their target price on Gildan Activewear from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Scotiabank boosted their target price on Gildan Activewear from $39.50 to $40.50 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Gildan Activewear Stock Up 0.7 %

Shares of NYSE:GIL opened at $35.31 on Friday. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. Gildan Activewear Inc. has a 52-week low of $26.98 and a 52-week high of $38.87. The stock’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $33.82. The company has a market capitalization of $5.95 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.35 and a beta of 1.38.

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 the consensus estimate of $0.72 by $0.03. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. The business had revenue of $782.70 million for the quarter, compared to the consensus estimate of $753.35 million. During the same period in the prior year, the business earned $0.65 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Gildan Activewear Inc. will post 2.94 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Wednesday, March 13th were paid a $0.205 dividend. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a yield of 2.32%. The ex-dividend date was Tuesday, March 12th. Gildan Activewear’s dividend payout ratio is presently 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.