Hara Capital LLC Sells 9,945 Shares of Gildan Activewear, Inc. (NYSE:GIL)

Hara Capital LLC lowered its stake in Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 82.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,090 shares of the textile maker's stock after selling 9,945 shares during the quarter. Hara Capital LLC's holdings in Gildan Activewear were worth $92,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in Gildan Activewear in the 1st quarter worth $29,000. Versant Capital Management Inc increased its holdings in shares of Gildan Activewear by 510.7% in the first 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 position in Gildan Activewear by 4,323.5% during the first quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock worth $33,000 after acquiring an additional 735 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Gildan Activewear by 500.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker's stock valued at $42,000 after buying an additional 745 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Gildan Activewear by 69.3% in the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock worth $59,000 after purchasing an additional 547 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Trading Down 0.6%

Shares of NYSE:GIL traded down $0.33 during trading on Friday, reaching $50.98. The stock had a trading volume of 250,660 shares, compared to its average volume of 656,675. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.59 and a current ratio of 3.91. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $55.39. The firm's fifty day moving average is $48.46 and its 200 day moving average is $47.76.

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, topping the consensus estimate of $0.57 by $0.02. Gildan Activewear had a return on equity of 30.61% and a net margin of 12.38%. The firm had revenue of $711.70 million during the quarter, compared to analyst estimates of $715.29 million. During the same period last year, the company posted $0.59 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, May 20th. Gildan Activewear's payout ratio is 34.75%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Securities increased their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. CIBC dropped their price target on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Barclays initiated coverage on Gildan Activewear in a research note on Monday, April 28th. They issued an "overweight" rating and a $51.00 price target for the company. Finally, Scotiabank raised shares of Gildan Activewear to a "strong-buy" rating and set a $55.00 target price on the stock in a report on Wednesday, May 28th. Nine investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Gildan Activewear has a consensus rating of "Buy" and a consensus target price of $57.91.

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.