Deutsche Bank AG Buys 10,889 Shares of Gildan Activewear Inc. (NYSE:GIL)

Deutsche Bank AG raised its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,436 shares of the textile maker's stock after buying an additional 10,889 shares during the period. Deutsche Bank AG owned about 0.15% of Gildan Activewear worth $10,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIL. Plato Investment Management Ltd acquired a new stake in shares of Gildan Activewear in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp increased its stake in Gildan Activewear by 61.8% during the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock worth $41,000 after acquiring an additional 333 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Gildan Activewear by 500.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker's stock worth $42,000 after acquiring an additional 745 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 908 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of 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 purchasing an additional 1,208 shares in the last quarter. Institutional investors own 82.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GIL shares. BMO Capital Markets raised their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Stifel Nicolaus raised their target price on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Canaccord Genuity Group raised their price objective on Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 20th. CIBC cut their price objective on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, TD Securities raised their price objective on Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Gildan Activewear currently has an average rating of "Buy" and an average target price of $58.20.

Gildan Activewear Trading Up 0.2%

Shares of GIL stock traded up $0.08 during mid-day trading on Tuesday, hitting $50.19. The company's stock had a trading volume of 737,312 shares, compared to its average volume of 657,969. The company's fifty day simple moving average is $44.31 and its 200-day simple moving average is $47.83. Gildan Activewear Inc. has a 52 week low of $35.33 and a 52 week high of $55.39. 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 cap of $7.59 billion, a PE ratio of 20.08, a P/E/G ratio of 1.76 and a beta of 1.21.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its earnings results on Tuesday, April 29th. The textile maker reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $711.70 million during the quarter, compared to analyst estimates of $715.29 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, equities 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 issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is presently 34.75%.

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.