323,546 Shares in Gildan Activewear, Inc. $GIL Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 323,546 shares of the textile maker's stock, valued at approximately $16,695,000. Deutsche Bank AG owned approximately 0.17% of Gildan Activewear as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caisse de depot et placement du Quebec increased its holdings in Gildan Activewear by 1,695.7% in the fourth quarter. Caisse de depot et placement du Quebec now owns 6,240,014 shares of the textile maker's stock valued at $390,539,000 after buying an additional 5,892,514 shares during the last quarter. Norges Bank purchased a new stake in Gildan Activewear in the fourth quarter valued at approximately $151,018,000. Mackenzie Financial Corp boosted its stake in shares of Gildan Activewear by 41.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,860,108 shares of the textile maker's stock worth $429,382,000 after buying an additional 2,001,279 shares during the period. Brandes Investment Partners LP acquired a new position in Gildan Activewear in the 4th quarter valued at about $99,870,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Gildan Activewear by 26.0% in the fourth quarter. Vanguard Group Inc. now owns 7,566,962 shares of the textile maker's stock valued at $472,964,000 after acquiring an additional 1,561,729 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on GIL shares. Citigroup reiterated a "neutral" rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. TD Securities restated a "buy" rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price objective (up from $78.00) on shares of Gildan Activewear in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $77.00 price target on shares of Gildan Activewear in a report on Friday, May 1st. Finally, Scotiabank reissued a "sector outperform" rating and issued a $67.00 target price (up from $65.00) on shares of Gildan Activewear in a research report on Friday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Gildan Activewear currently has an average rating of "Moderate Buy" and an average price target of $80.00.

Gildan Activewear Stock Up 1.5%

NYSE GIL opened at $56.30 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. Gildan Activewear, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $73.69. The business has a 50 day moving average price of $53.80 and a two-hundred day moving average price of $58.63. The stock has a market cap of $10.43 billion, a PE ratio of 108.27 and a beta of 1.11.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.17. Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business's quarterly revenue was up 72.3% on a year-over-year basis. As a group, sell-side analysts predict that Gildan Activewear, Inc. will post 4.67 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 20th. Gildan Activewear's dividend payout ratio (DPR) is currently 192.31%.

Gildan Activewear Profile

Gildan Activewear Inc NYSE: GIL is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.

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