Gildan Activewear Inc. (NYSE:GIL) Holdings Raised by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,436 shares of the textile maker's stock after purchasing an additional 10,889 shares during the quarter. Deutsche Bank AG owned approximately 0.15% of Gildan Activewear worth $10,419,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GIL. Plato Investment Management Ltd acquired a new position in Gildan Activewear in the fourth quarter worth about $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 worth $41,000 after buying an additional 333 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Gildan Activewear by 500.0% in 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 in the last quarter. Venturi Wealth Management LLC increased 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 acquiring an additional 908 shares during the last quarter. Finally, Rhumbline Advisers increased 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 acquiring an additional 1,208 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock traded up $0.27 on Thursday, hitting $49.14. The company had a trading volume of 213,366 shares, compared to its average volume of 656,579. Gildan Activewear Inc. has a 52 week low of $35.39 and a 52 week high of $55.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98. The company has a market cap of $7.43 billion, a PE ratio of 19.63, a PEG ratio of 1.76 and a beta of 1.21. The business has a 50-day simple moving average of $44.45 and a 200-day simple moving average of $47.85.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The firm had revenue of $711.70 million for the quarter, compared to analyst estimates of $715.29 million. During the same period in the previous year, the company earned $0.59 earnings per share. Gildan Activewear's revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Gildan Activewear Inc. will post 3.48 EPS 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 paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear's dividend payout ratio is currently 34.75%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GIL shares. TD Securities raised their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Citigroup raised their price target on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Stifel Nicolaus boosted their price objective on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. BMO Capital Markets increased their target price on Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, UBS Group raised their target price on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Gildan Activewear presently has an average rating of "Buy" and a consensus price target 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.