Public Employees Retirement System of Ohio Has $2.14 Million Holdings in Gildan Activewear Inc. (NYSE:GIL)

Public Employees Retirement System of Ohio increased its stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 262.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,451 shares of the textile maker's stock after purchasing an additional 32,911 shares during the period. Public Employees Retirement System of Ohio's holdings in Gildan Activewear were worth $2,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in Gildan Activewear during the 4th quarter worth approximately $28,000. Fifth Third Bancorp raised its holdings in shares of 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 acquiring an additional 333 shares during the period. Steward Partners Investment Advisory LLC lifted its position 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 acquiring an additional 745 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Gildan Activewear by 899.0% in the 4th 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 in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Gildan Activewear by 561.9% during the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker's stock worth $67,000 after buying an additional 1,208 shares during the period. Institutional investors own 82.83% of the company's stock.

Wall Street Analyst Weigh In

GIL has been the topic of several research reports. BMO Capital Markets boosted their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. UBS Group increased their price objective 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 target price on shares of Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Citigroup increased their price target on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $57.91.

Gildan Activewear Price Performance

NYSE GIL traded down $0.11 during midday trading on Tuesday, hitting $46.55. The company had a trading volume of 569,164 shares, compared to its average volume of 634,003. The firm has a 50-day moving average price of $44.87 and a 200-day moving average price of $47.80. The company has a market capitalization of $7.04 billion, a PE ratio of 18.62, a P/E/G ratio of 1.76 and a beta of 1.21. 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 $36.91 and a twelve month high of $55.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $711.70 million during the quarter, compared to the consensus estimate of $715.29 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. As a group, analysts anticipate that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.94%. Gildan Activewear's dividend payout ratio (DPR) is currently 34.75%.

About Gildan Activewear

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.