Avior Wealth Management LLC Has $1.02 Million Holdings in Gildan Activewear Inc. (NYSE:GIL)

Avior Wealth Management LLC raised its position in Gildan Activewear Inc. (NYSE:GILFree Report) (TSE:GIL) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,804 shares of the textile maker’s stock after acquiring an additional 3,100 shares during the period. Avior Wealth Management LLC’s holdings in Gildan Activewear were worth $1,018,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Gildan Activewear by 38.6% in the first quarter. American Century Companies Inc. now owns 41,005 shares of the textile maker’s stock valued at $1,538,000 after purchasing an additional 11,413 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Gildan Activewear by 41.5% in the first quarter. Citigroup Inc. now owns 32,700 shares of the textile maker’s stock valued at $1,227,000 after purchasing an additional 9,597 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Gildan Activewear by 36.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,381 shares of the textile maker’s stock valued at $127,000 after purchasing an additional 896 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Gildan Activewear by 35.8% in the first quarter. Natixis Advisors L.P. now owns 19,786 shares of the textile maker’s stock valued at $742,000 after purchasing an additional 5,212 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Gildan Activewear by 29.4% in the first quarter. Synovus Financial Corp now owns 33,700 shares of the textile maker’s stock valued at $1,268,000 after purchasing an additional 7,662 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

NYSE:GIL opened at $35.23 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.83. The business has a fifty day simple moving average of $35.44 and a two-hundred day simple moving average of $33.50. Gildan Activewear Inc. has a 1 year low of $26.98 and a 1 year high of $38.87. The company has a market capitalization of $5.94 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.36 and a beta of 1.38.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last released its earnings results on Wednesday, February 21st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $753.35 million. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that Gildan Activewear Inc. will post 2.94 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Wednesday, March 13th were given a $0.205 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is currently 27.06%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GIL. CIBC raised their target price on Gildan Activewear from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. UBS Group lowered Gildan Activewear from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $40.00 to $37.00 in a report on Friday, January 5th. Scotiabank lifted their price target on Gildan Activewear from $39.50 to $40.50 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. Citigroup lifted their price target on Gildan Activewear from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price target on shares of Gildan Activewear in a report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Read Our Latest Analysis on Gildan Activewear

Gildan Activewear Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

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