Gotham Asset Management LLC Buys 5,513 Shares of Gildan Activewear Inc. (NYSE:GIL)

Gotham Asset Management LLC boosted its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 42.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,532 shares of the textile maker’s stock after buying an additional 5,513 shares during the quarter. Gotham Asset Management LLC’s holdings in Gildan Activewear were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GIL. Plato Investment Management Ltd purchased a new stake in Gildan Activewear in the 4th quarter valued at $28,000. Fifth Third Bancorp raised its position in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after buying an additional 333 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Gildan Activewear by 500.0% in 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 last quarter. Venturi Wealth Management LLC raised its position in Gildan Activewear by 899.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock valued at $47,000 after buying an additional 908 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Gildan Activewear by 561.9% in the 4th quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after buying an additional 1,208 shares during the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Stock Up 1.5%

GIL stock opened at $50.09 on Friday. 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 company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.76 and a beta of 1.21. Gildan Activewear Inc. has a fifty-two week low of $35.33 and a fifty-two week high of $55.39. The stock has a fifty day moving average of $44.28 and a 200-day moving average of $47.83.

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

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.226 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.80%. Gildan Activewear’s payout ratio is 34.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GIL shares. Barclays started coverage on Gildan Activewear in a research report on Monday, April 28th. They issued an “overweight” rating and a $51.00 price target for the company. UBS Group upped their price objective on Gildan Activewear from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Stifel Nicolaus upped their price objective on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Citigroup upped their price objective on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, TD Securities upped their price objective on Gildan Activewear from $56.00 to $60.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.