Gildan Activewear Inc. (NYSE:GIL) Position Increased by Public Employees Retirement System of Ohio

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Gildan Activewear during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp raised its stake 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 valued at $41,000 after purchasing an additional 333 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Gildan Activewear by 500.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker's stock valued at $42,000 after purchasing an additional 745 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Gildan Activewear by 899.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker's stock valued at $47,000 after purchasing an additional 908 shares during the period. Finally, Rhumbline Advisers raised its stake 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 valued at $67,000 after purchasing an additional 1,208 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Down 0.5%

Shares of NYSE:GIL traded down $0.22 during midday trading on Thursday, reaching $47.63. The company had a trading volume of 479,025 shares, compared to its average volume of 633,799. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98. The stock's fifty day moving average price is $44.97 and its 200-day moving average price is $47.79. The stock has a market capitalization of $7.20 billion, a P/E ratio of 19.05, a PEG ratio of 1.76 and a beta of 1.21. Gildan Activewear Inc. has a one year low of $36.91 and a one year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $711.70 million during the quarter, compared to analyst estimates of $715.29 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Equities research analysts expect that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, May 20th. This represents a $0.90 annualized dividend and a yield of 1.90%. Gildan Activewear's payout ratio is 34.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective 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. Canaccord Genuity Group lifted their price objective on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Stifel Nicolaus lifted their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Barclays assumed coverage on shares of Gildan Activewear in a research note on Monday, April 28th. They set an "overweight" rating and a $51.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" 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.com, the company presently has an average rating of "Buy" and an average target price of $57.91.

Gildan Activewear Company 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.