Gotham Asset Management LLC Acquires 5,513 Shares of Gildan Activewear Inc. (NYSE:GIL)

Gotham Asset Management LLC increased its stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 42.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,532 shares of the textile maker's stock after acquiring an additional 5,513 shares during the period. Gotham Asset Management LLC's holdings in Gildan Activewear were worth $872,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GIL. Plato Investment Management Ltd acquired a new position in shares of Gildan Activewear during the 4th quarter worth approximately $28,000. Fifth Third Bancorp increased its holdings in Gildan Activewear by 61.8% during the fourth 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 raised its position in Gildan Activewear by 500.0% during the fourth 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 lifted its stake in Gildan Activewear by 899.0% in the fourth 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 grew its position 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 period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

Shares of NYSE:GIL traded up $0.08 on Tuesday, reaching $50.19. 737,312 shares of the company's stock were exchanged, compared to its average volume of 657,157. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. Gildan Activewear Inc. has a twelve month low of $35.39 and a twelve month high of $55.39. The company has a fifty day moving average of $44.31 and a 200-day moving average of $47.83. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.76 and a beta of 1.21.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $711.70 million for 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 company's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. On average, research analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is presently 34.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Barclays began coverage on Gildan Activewear in a research note on Monday, April 28th. They issued an "overweight" rating and a $51.00 price objective on the stock. UBS Group raised their price objective on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. BMO Capital Markets lifted their target price on Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, TD Securities increased their price target on Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Gildan Activewear currently has an average rating of "Buy" and an average target price 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.