Fox Run Management L.L.C. Acquires 4,395 Shares of Gildan Activewear Inc. (NYSE:GIL)

Fox Run Management L.L.C. boosted its holdings in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 79.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,897 shares of the textile maker’s stock after acquiring an additional 4,395 shares during the quarter. Fox Run Management L.L.C.’s holdings in Gildan Activewear were worth $466,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GIL. Plato Investment Management Ltd purchased a new stake in shares of Gildan Activewear during the fourth quarter valued at $28,000. Fifth Third Bancorp lifted its holdings in Gildan Activewear by 61.8% during 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 in the last quarter. Steward Partners Investment Advisory LLC boosted 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 period. Venturi Wealth Management LLC increased its position in shares of Gildan Activewear by 899.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after acquiring an additional 908 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Gildan Activewear by 561.9% during the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 1,208 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Down 1.0 %

NYSE GIL opened at $45.11 on Wednesday. Gildan Activewear Inc. has a 52 week low of $32.23 and a 52 week high of $55.39. The company has a 50 day moving average price of $50.51 and a 200 day moving average price of $48.68. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92. The firm has a market cap of $6.86 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39.

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

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. Gildan Activewear’s dividend payout ratio (DPR) is currently 36.00%.

Wall Street Analysts Forecast Growth

GIL has been the topic of several research analyst reports. TD Securities increased their price objective on Gildan Activewear from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. UBS Group increased their price target on Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Stifel Nicolaus lifted their price objective on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Citigroup increased their target price on shares of Gildan Activewear from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Canaccord Genuity Group boosted their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gildan Activewear currently has an average rating of “Buy” and an average target price 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.