Gildan Activewear Inc. (NYSE:GIL) Stock Holdings Lifted by Cooke & Bieler LP

Cooke & Bieler LP boosted its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 2.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,252,785 shares of the textile maker’s stock after buying an additional 271,273 shares during the period. Gildan Activewear accounts for approximately 3.7% of Cooke & Bieler LP’s holdings, making the stock its biggest position. Cooke & Bieler LP owned about 6.19% of Gildan Activewear worth $388,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC lifted its holdings in shares of Gildan Activewear by 86.5% in the fourth quarter. CWM LLC now owns 1,074 shares of the textile maker’s stock worth $35,000 after buying an additional 498 shares in the last quarter. Natixis purchased a new stake in Gildan Activewear in the 1st quarter worth $51,000. Tobam bought a new position in shares of Gildan Activewear during the 2nd quarter valued at about $53,000. EverSource Wealth Advisors LLC grew its position in shares of Gildan Activewear by 16.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the textile maker’s stock valued at $66,000 after purchasing an additional 274 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Gildan Activewear by 69.2% in the first quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the textile maker’s stock worth $82,000 after purchasing an additional 900 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised shares of Gildan Activewear from a “hold” rating to a “buy” rating and raised their target price for the company from $39.00 to $51.00 in a report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.50.

Gildan Activewear Trading Down 0.7 %

NYSE GIL traded down $0.31 during trading on Wednesday, hitting $44.14. The stock had a trading volume of 262,668 shares, compared to its average volume of 766,298. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.74 and a beta of 1.43. The stock has a 50 day simple moving average of $40.72 and a 200 day simple moving average of $37.59. Gildan Activewear Inc. has a one year low of $26.99 and a one year high of $45.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.97 and a current ratio of 2.35.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The company had revenue of $862.20 million during the quarter, compared to analysts’ expectations of $851.10 million. During the same quarter in the previous year, the business earned $0.63 EPS. Gildan Activewear’s revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Gildan Activewear Inc. will post 2.92 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.82 annualized dividend and a yield of 1.86%. Gildan Activewear’s dividend payout ratio (DPR) is 27.70%.

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.