Gildan Activewear Inc. (NYSE:GIL) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its stake in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,580 shares of the textile maker’s stock after purchasing an additional 2,483 shares during the period. Verdence Capital Advisors LLC’s holdings in Gildan Activewear were worth $874,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP raised its position in shares of Gildan Activewear by 12.0% during the 4th quarter. Aigen Investment Management LP now owns 7,668 shares of the textile maker’s stock valued at $361,000 after buying an additional 822 shares during the period. Seizert Capital Partners LLC raised its position in shares of Gildan Activewear by 34.7% during the 4th quarter. Seizert Capital Partners LLC now owns 112,483 shares of the textile maker’s stock valued at $5,292,000 after buying an additional 29,002 shares during the period. Atria Investments Inc raised its position in shares of Gildan Activewear by 18.4% during the 4th quarter. Atria Investments Inc now owns 9,822 shares of the textile maker’s stock valued at $462,000 after buying an additional 1,529 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Gildan Activewear by 192.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 742,149 shares of the textile maker’s stock valued at $34,918,000 after buying an additional 488,602 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Gildan Activewear by 500.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock valued at $42,000 after buying an additional 745 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.3 %

Gildan Activewear stock opened at $51.05 on Thursday. Gildan Activewear Inc. has a twelve month low of $32.23 and a twelve month high of $55.39. The stock’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $48.34. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $7.76 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.76 and a beta of 1.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The firm had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, equities analysts expect that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. Gildan Activewear’s payout ratio is presently 36.00%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. CIBC lifted their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Stifel Nicolaus boosted their target price on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. TD Securities boosted their target price on Gildan Activewear from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Citigroup boosted their target price on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets boosted their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $60.00.

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.