Dimensional Fund Advisors LP Purchases 7,345 Shares of Gildan Activewear Inc. (NYSE:GIL)

Dimensional Fund Advisors LP lifted its position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173,129 shares of the textile maker's stock after acquiring an additional 7,345 shares during the period. Dimensional Fund Advisors LP owned about 0.77% of Gildan Activewear worth $55,191,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIL. Forge First Asset Management Inc. lifted its position in Gildan Activewear by 108.0% during the 4th quarter. Forge First Asset Management Inc. now owns 46,600 shares of the textile maker's stock worth $2,191,000 after buying an additional 24,200 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Gildan Activewear by 545.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker's stock worth $57,403,000 after acquiring an additional 1,022,695 shares in the last quarter. Truist Financial Corp lifted its position in Gildan Activewear by 76.8% in the 4th quarter. Truist Financial Corp now owns 19,401 shares of the textile maker's stock valued at $913,000 after acquiring an additional 8,430 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Gildan Activewear by 80.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 245,926 shares of the textile maker's stock worth $11,568,000 after buying an additional 109,993 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Gildan Activewear by 776.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 817,204 shares of the textile maker's stock worth $38,414,000 after purchasing an additional 723,962 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup raised their price target on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Stifel Nicolaus lifted their target price on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Canaccord Genuity Group boosted their target price on shares of Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. TD Securities increased their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets upped their price objective on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $58.20.

Gildan Activewear Trading Down 1.7 %

Shares of NYSE:GIL traded down $0.82 during trading on Tuesday, reaching $46.96. 654,865 shares of the company traded hands, compared to its average volume of 656,459. Gildan Activewear Inc. has a 52-week low of $32.32 and a 52-week high of $55.39. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The business's fifty day moving average is $44.79 and its 200-day moving average is $47.80. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.76 and a beta of 1.21.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The business had revenue of $711.70 million during the quarter, compared to the consensus estimate of $715.29 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is 34.75%.

About Gildan Activewear

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.