Achmea Investment Management B.V. Increases Stake in Gildan Activewear, Inc. (NYSE:GIL)

Achmea Investment Management B.V. boosted its stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 308.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,896 shares of the textile maker's stock after buying an additional 58,830 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.05% of Gildan Activewear worth $3,444,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in shares of Gildan Activewear in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc raised its stake in Gildan Activewear by 510.7% in the 1st quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock valued at $33,000 after purchasing an additional 623 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Gildan Activewear by 4,323.5% in the 1st quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock valued at $33,000 after purchasing an additional 735 shares in the last quarter. Steward Partners Investment Advisory LLC boosted 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 purchasing an additional 745 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Gildan Activewear by 69.3% during the first quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock worth $59,000 after buying an additional 547 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays started coverage on shares of Gildan Activewear in a research note on Monday, April 28th. They issued an "overweight" rating and a $51.00 price target on the stock. Scotiabank upgraded Gildan Activewear to a "strong-buy" rating and set a $55.00 target price on the stock in a report on Wednesday, May 28th. TD Securities upped their price target on Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, CIBC reduced their price objective on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Nine investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $57.91.

Gildan Activewear Trading Up 0.8%

GIL stock traded up $0.38 during midday trading on Wednesday, hitting $49.95. 281,958 shares of the company's stock were exchanged, compared to its average volume of 628,534. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $55.39. The company has a current ratio of 3.91, a quick ratio of 1.59 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $7.52 billion, a PE ratio of 19.28, a P/E/G ratio of 1.58 and a beta of 1.19. The business has a 50-day simple moving average of $47.46 and a two-hundred day simple moving average of $47.60.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Gildan Activewear had a net margin of 12.38% and a return on equity of 30.61%. 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 firm earned $0.59 EPS. Gildan Activewear's revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts predict that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is 34.75%.

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.