Gildan Activewear Inc. (NYSE:GIL) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,840 shares of the textile maker’s stock after buying an additional 30,928 shares during the quarter. Jane Street Group LLC owned about 0.06% of Gildan Activewear worth $4,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in Gildan Activewear in the 4th quarter worth approximately $97,275,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gildan Activewear by 604.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker’s stock worth $86,999,000 after purchasing an additional 1,588,071 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Gildan Activewear by 276.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,769,634 shares of the textile maker’s stock worth $83,394,000 after purchasing an additional 1,300,121 shares during the period. National Bank of Canada FI grew its stake in shares of Gildan Activewear by 19.5% during the 4th quarter. National Bank of Canada FI now owns 1,668,147 shares of the textile maker’s stock worth $78,571,000 after purchasing an additional 272,627 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Gildan Activewear by 5.7% during the 4th quarter. Bank of Montreal Can now owns 1,625,963 shares of the textile maker’s stock worth $76,423,000 after purchasing an additional 87,672 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Trading Down 0.3%

Shares of GIL stock opened at $47.21 on Monday. The stock’s fifty day moving average is $44.32 and its two-hundred day moving average is $47.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. The firm has a market capitalization of $7.15 billion, a P/E ratio of 18.88, a PEG ratio of 1.76 and a beta of 1.21. Gildan Activewear Inc. has a fifty-two week low of $33.66 and a fifty-two week high of $55.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business had revenue of $711.70 million for the quarter, compared to analyst estimates of $715.29 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 20th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear’s payout ratio is 34.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GIL shares. TD Securities raised their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Barclays started coverage on shares of Gildan Activewear in a research note on Monday, April 28th. They set an “overweight” rating and a $51.00 price objective on the stock. UBS Group raised their price objective on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. BMO Capital Markets increased 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. Finally, CIBC decreased their target price on Gildan Activewear from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $58.20.

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.