Jane Street Group LLC Has $4.37 Million Position in Gildan Activewear Inc. (NYSE:GIL)

Jane Street Group LLC lifted its holdings in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in Gildan Activewear during the fourth quarter worth $97,275,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Gildan Activewear by 604.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker's stock valued at $86,999,000 after acquiring an additional 1,588,071 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in 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 worth $83,394,000 after purchasing an additional 1,300,121 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Gildan Activewear by 545.1% in the 4th quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker's stock worth $57,403,000 after purchasing an additional 1,022,695 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Gildan Activewear by 776.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 817,204 shares of the textile maker's stock valued at $38,414,000 after purchasing an additional 723,962 shares during the last quarter. Institutional investors own 82.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. CIBC decreased their price objective on shares of Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. TD Securities upped their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price objective on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. BMO Capital Markets boosted their price objective on Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Citigroup increased their target price on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $58.20.

Gildan Activewear Stock Performance

GIL traded up $0.75 on Friday, hitting $50.09. 102,520 shares of the stock traded hands, compared to its average volume of 665,392. The business has a fifty day moving average price of $44.24 and a two-hundred day moving average price of $47.82. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $7.57 billion, a PE ratio of 20.03, a P/E/G ratio of 1.76 and a beta of 1.21. Gildan Activewear Inc. has a 52 week low of $34.62 and a 52 week high of $55.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $711.70 million for 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. On average, research analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The firm also recently disclosed 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 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.