Gildan Activewear Inc. (NYSE:GIL) Stock Holdings Increased by Gotham Asset Management LLC

Gotham Asset Management LLC increased its stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,532 shares of the textile maker's stock after purchasing an additional 5,513 shares during the quarter. Gotham Asset Management LLC's holdings in Gildan Activewear were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Syon Capital LLC increased its position in Gildan Activewear by 3.9% during the 4th quarter. Syon Capital LLC now owns 6,524 shares of the textile maker's stock worth $307,000 after purchasing an additional 242 shares in the last quarter. Fifth Third Bancorp grew its holdings in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock valued at $41,000 after buying an additional 333 shares during the period. Huntington National Bank grew its holdings in Gildan Activewear by 16.4% in the 4th quarter. Huntington National Bank now owns 2,803 shares of the textile maker's stock valued at $132,000 after buying an additional 395 shares during the period. TD Private Client Wealth LLC grew its holdings in Gildan Activewear by 19.1% in the 4th quarter. TD Private Client Wealth LLC now owns 3,069 shares of the textile maker's stock valued at $144,000 after buying an additional 492 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in Gildan Activewear in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 82.83% of the company's stock.

Gildan Activewear Price Performance

GIL stock traded up $0.07 during trading on Friday, hitting $48.99. The company had a trading volume of 437,720 shares, compared to its average volume of 641,626. Gildan Activewear Inc. has a fifty-two week low of $35.51 and a fifty-two 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 has a 50 day moving average of $44.54 and a 200 day moving average of $47.84. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 19.59, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $711.70 million during the quarter, compared to analyst estimates of $715.29 million. During the same quarter last year, the firm posted $0.59 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that Gildan Activewear Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's dividend payout ratio is presently 34.75%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group lifted their price target on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 20th. CIBC lowered their price target on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 20th. BMO Capital Markets lifted their price objective on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Gildan Activewear presently has a consensus 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.