State of Wyoming Raises Position in Gildan Activewear Inc. (NYSE:GIL)

State of Wyoming boosted its stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,229 shares of the textile maker's stock after purchasing 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 reporting period.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Gildan Activewear by 6.5% during the third quarter. Franklin Resources Inc. now owns 35,135 shares of the textile maker's stock worth $1,702,000 after buying an additional 2,138 shares during the period. Legacy Wealth Asset Management LLC raised its stake in Gildan Activewear by 115.1% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,965 shares of the textile maker's stock worth $610,000 after acquiring an additional 6,938 shares during the last quarter. Avanza Fonder AB acquired a new stake in Gildan Activewear during the 4th quarter worth about $602,000. Arkadios Wealth Advisors lifted its position in Gildan Activewear by 36.4% during the 4th quarter. Arkadios Wealth Advisors now owns 6,139 shares of the textile maker's stock worth $289,000 after acquiring an additional 1,637 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Gildan Activewear by 12.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,435 shares of the textile maker's stock valued at $538,000 after purchasing an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays initiated coverage on Gildan Activewear in a research note on Monday, April 28th. They issued an "overweight" rating and a $51.00 price objective for the company. TD Securities lifted their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus upped their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Citigroup raised their target price on shares of Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, UBS Group upped their price target on shares of Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $58.20.

Gildan Activewear Price Performance

Shares of NYSE:GIL traded up $0.24 during trading on Friday, reaching $49.16. 157,171 shares of the company's stock traded hands, compared to its average volume of 639,772. 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 Inc. has a fifty-two week low of $35.43 and a fifty-two week high of $55.39. The company has a 50-day simple moving average of $44.49 and a 200-day simple moving average of $47.85. The firm has a market cap of $7.43 billion, a PE ratio of 19.65, a P/E/G ratio of 1.76 and a beta of 1.21.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released 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 analysts' expectations of $715.29 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. Gildan Activewear's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. As a group, analysts predict that Gildan Activewear Inc. will post 3.48 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.226 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.84%. Gildan Activewear's dividend payout ratio (DPR) is 34.75%.

Gildan Activewear 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.