Free Trial

Segall Bryant & Hamill LLC Has $20.19 Million Holdings in Gildan Activewear, Inc. (NYSE:GIL)

Gildan Activewear logo with Consumer Discretionary background

Segall Bryant & Hamill LLC lifted its holdings in shares of Gildan Activewear, Inc. (NYSE:GIL - Free Report) TSE: GIL by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 456,558 shares of the textile maker's stock after buying an additional 9,094 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.30% of Gildan Activewear worth $20,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GIL. Olde Wealth Management LLC acquired a new position in Gildan Activewear during the 1st quarter worth $29,000. Versant Capital Management Inc raised its stake in shares of Gildan Activewear by 510.7% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in Gildan Activewear by 4,323.5% in the first quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock worth $33,000 after purchasing an additional 735 shares during the period. Steward Partners Investment Advisory LLC grew 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 buying an additional 745 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Gildan Activewear by 69.3% during the 1st quarter. Blue Trust Inc. now owns 1,336 shares of the textile maker's stock valued at $59,000 after buying an additional 547 shares during the period. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Trading Up 5.4%

Gildan Activewear stock traded up $2.73 during midday trading on Thursday, reaching $53.29. The stock had a trading volume of 543,325 shares, compared to its average volume of 631,725. Gildan Activewear, Inc. has a twelve month low of $37.16 and a twelve month high of $55.39. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.91 and a quick ratio of 1.59. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.62 and a beta of 1.19. The firm's fifty day simple moving average is $48.74 and its two-hundred day simple moving average is $47.86.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) 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 the consensus estimate of $715.29 million. During the same period in the prior year, the business earned $0.59 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts anticipate that Gildan Activewear, Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were paid a $0.226 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.90 annualized dividend and a yield of 1.70%. Gildan Activewear's dividend payout ratio is presently 34.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GIL. Scotiabank raised shares of Gildan Activewear to a "strong-buy" rating and set a $55.00 price target for the company in a research note on Wednesday, May 28th. Barclays started coverage on Gildan Activewear in a research report on Monday, April 28th. They issued an "overweight" rating and a $51.00 target price for the company. TD Securities boosted their price objective on Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, CIBC decreased their target price 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. Nine equities research 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 has a consensus rating of "Buy" and an average price target of $57.91.

Check Out Our Latest Research Report on Gildan Activewear

Gildan Activewear Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

Should You Invest $1,000 in Gildan Activewear Right Now?

Before you consider Gildan Activewear, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gildan Activewear wasn't on the list.

While Gildan Activewear currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Time to Cash Out? 5 Stocks to Drop Before Earnings
Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines