Gildan Activewear Inc. (NYSE:GIL) Stock Holdings Raised by State of Wyoming

State of Wyoming increased its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 45.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,229 shares of the textile maker's stock after acquiring an additional 5,738 shares during the period. State of Wyoming's holdings in Gildan Activewear were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. raised its position in Gildan Activewear by 6.5% in the third quarter. Franklin Resources Inc. now owns 35,135 shares of the textile maker's stock valued at $1,702,000 after purchasing an additional 2,138 shares during the period. Legacy Wealth Asset Management LLC lifted its position in shares of Gildan Activewear by 115.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,965 shares of the textile maker's stock worth $610,000 after purchasing an additional 6,938 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Gildan Activewear in the 4th quarter valued at about $602,000. Arkadios Wealth Advisors raised its holdings in Gildan Activewear by 36.4% during the fourth quarter. Arkadios Wealth Advisors now owns 6,139 shares of the textile maker's stock worth $289,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Gildan Activewear by 12.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,435 shares of the textile maker's stock valued at $538,000 after acquiring an additional 1,226 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Trading Up 0.2%

Shares of GIL traded up $0.08 on Tuesday, hitting $50.19. 737,312 shares of the stock traded hands, compared to its average volume of 657,157. Gildan Activewear Inc. has a 1 year low of $35.39 and a 1 year high of $55.39. The stock's 50 day moving average is $44.40 and its two-hundred day moving average is $47.84. The firm has a market capitalization of $7.59 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.76 and a beta of 1.21. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92.

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 (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business had revenue of $711.70 million for the quarter, compared to analysts' expectations of $715.29 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Gildan Activewear Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently announced 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's payout ratio is currently 34.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented 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. BMO Capital Markets lifted 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. Barclays assumed coverage on Gildan Activewear in a report on Monday, April 28th. They issued an "overweight" rating and a $51.00 target price on the stock. Canaccord Genuity Group boosted 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. Finally, UBS Group raised their target price on shares of Gildan Activewear from $60.00 to $69.00 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 one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $58.20.

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.