Janus Henderson Group PLC Raises Stock Position in Gildan Activewear Inc. (NYSE:GIL)

Janus Henderson Group PLC boosted its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,970,246 shares of the textile maker's stock after purchasing an additional 128,674 shares during the quarter. Janus Henderson Group PLC owned about 4.57% of Gildan Activewear worth $327,950,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Forge First Asset Management Inc. grew its holdings in Gildan Activewear by 108.0% in the fourth quarter. Forge First Asset Management Inc. now owns 46,600 shares of the textile maker's stock worth $2,191,000 after purchasing an additional 24,200 shares during the period. CIBC Asset Management Inc grew its holdings in Gildan Activewear by 545.1% in the fourth 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 period. Truist Financial Corp grew its holdings in Gildan Activewear by 76.8% in the fourth quarter. Truist Financial Corp now owns 19,401 shares of the textile maker's stock worth $913,000 after purchasing an additional 8,430 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Gildan Activewear by 80.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 245,926 shares of the textile maker's stock worth $11,568,000 after purchasing an additional 109,993 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Gildan Activewear by 776.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 817,204 shares of the textile maker's stock worth $38,414,000 after purchasing an additional 723,962 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Stifel Nicolaus lifted 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. UBS Group lifted their price objective 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. 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 report on Wednesday, April 30th. Finally, Canaccord Genuity Group lifted their price objective on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Gildan Activewear has a consensus rating of "Buy" and an average target price of $58.20.

Gildan Activewear Stock Up 1.5%

Shares of GIL traded up $0.75 during trading hours on Friday, reaching $50.09. 454,823 shares of the stock traded hands, compared to its average volume of 648,497. 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 stock has a fifty day simple moving average of $44.28 and a 200 day simple moving average of $47.83. Gildan Activewear Inc. has a 52 week low of $35.33 and a 52 week high of $55.39. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 20.03, a PEG 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, beating analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $711.70 million for the quarter, compared to analyst estimates of $715.29 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. On average, equities analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be given a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's dividend 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.