Jane Street Group LLC Purchases 30,928 Shares of Gildan Activewear Inc. (NYSE:GIL)

Jane Street Group LLC raised its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,840 shares of the textile maker's stock after purchasing an additional 30,928 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Gildan Activewear worth $4,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. PDT Partners LLC bought a new position in shares of Gildan Activewear in the fourth quarter valued at $400,000. Schonfeld Strategic Advisors LLC acquired a new stake in Gildan Activewear in the fourth quarter valued at $1,106,000. Northern Trust Corp grew its position in shares of Gildan Activewear by 37.6% in the 4th quarter. Northern Trust Corp now owns 163,120 shares of the textile maker's stock valued at $7,675,000 after acquiring an additional 44,597 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Gildan Activewear by 276.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,769,634 shares of the textile maker's stock valued at $83,394,000 after acquiring an additional 1,300,121 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of Gildan Activewear during the 4th quarter worth about $114,000. Institutional investors and hedge funds own 82.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on GIL. CIBC reduced their price target on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group raised their price objective on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus boosted their target price on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Citigroup increased their price target on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, TD Securities lifted their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $58.20.

Gildan Activewear Stock Performance

NYSE:GIL traded up $0.72 during mid-day trading on Tuesday, reaching $49.14. 396,442 shares of the company's stock were exchanged, compared to its average volume of 655,137. Gildan Activewear Inc. has a one year low of $34.20 and a one year high of $55.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22. The business's fifty day simple moving average is $44.27 and its two-hundred day simple moving average is $47.80. The firm has a market capitalization of $7.45 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21.

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

Gildan Activewear Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, May 20th. 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.