OMERS ADMINISTRATION Corp Purchases Shares of 83,300 Gildan Activewear, Inc. $GIL

OMERS ADMINISTRATION Corp acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 83,300 shares of the textile maker's stock, valued at approximately $4,293,000.

A number of other large investors have also recently made changes to their positions in the company. Caisse de depot et placement du Quebec increased its position in shares of Gildan Activewear by 1,695.7% in the 4th 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 purchasing an additional 5,892,514 shares during the last quarter. Norges Bank purchased a new stake in shares of Gildan Activewear during the 4th quarter worth $151,018,000. Mackenzie Financial Corp grew 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 purchasing an additional 2,001,279 shares in the last quarter. Brandes Investment Partners LP purchased a new position in Gildan Activewear in the fourth quarter valued at $99,870,000. Finally, Vanguard Group Inc. increased its holdings in 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 buying an additional 1,561,729 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GIL shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gildan Activewear in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued an "outperform" rating and set a $77.00 target price on shares of Gildan Activewear in a research report on Friday, May 1st. Stifel Nicolaus set a $83.00 price target on Gildan Activewear and gave the company a "buy" rating in a report on Friday, July 31st. Zacks Research raised shares of Gildan Activewear from a "strong sell" rating to a "hold" rating in a report on Friday, May 1st. Finally, Citigroup restated a "neutral" rating on shares of Gildan Activewear in a report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $80.00.

Gildan Activewear Stock Performance

NYSE GIL opened at $54.60 on Wednesday. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 105.00 and a beta of 1.11. The business's 50 day moving average is $53.74 and its two-hundred day moving average is $58.39. Gildan Activewear, Inc. has a 12-month low of $46.55 and a 12-month high of $73.69. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.11 by $0.17. Gildan Activewear had a return on equity of 21.03% and a net margin of 1.28%.The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same period last year, the firm earned $0.97 EPS. The company's quarterly revenue was up 72.3% compared to the same quarter last year. Research analysts expect that Gildan Activewear, Inc. will post 4.67 EPS for the current year.

Gildan Activewear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, August 20th. Gildan Activewear's payout ratio is presently 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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