Mackenzie Financial Corp Acquires 29,193 Shares of Gildan Activewear Inc. (NYSE:GIL)

Mackenzie Financial Corp raised its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,712,021 shares of the textile maker's stock after buying an additional 29,193 shares during the quarter. Mackenzie Financial Corp owned 1.59% of Gildan Activewear worth $89,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. raised its holdings in Gildan Activewear by 2.5% in the 3rd quarter. Natixis Advisors L.P. now owns 13,204 shares of the textile maker's stock valued at $370,000 after acquiring an additional 324 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Gildan Activewear by 1.5% in the 3rd quarter. Avior Wealth Management LLC now owns 27,704 shares of the textile maker's stock valued at $776,000 after acquiring an additional 400 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Gildan Activewear by 2.5% in the 2nd quarter. Alliancebernstein L.P. now owns 18,148 shares of the textile maker's stock valued at $585,000 after acquiring an additional 435 shares in the last quarter. Sei Investments Co. raised its holdings in Gildan Activewear by 2.2% in the 2nd quarter. Sei Investments Co. now owns 29,049 shares of the textile maker's stock valued at $937,000 after acquiring an additional 637 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Gildan Activewear by 0.5% in the 4th quarter. Deutsche Bank AG now owns 165,453 shares of the textile maker's stock valued at $4,533,000 after acquiring an additional 889 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on GIL shares. TD Securities upped their price target on Gildan Activewear from $42.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Citigroup upped their price target on Gildan Activewear from $40.00 to $44.00 and gave the company a "buy" rating in a report on Friday, February 23rd. Stifel Nicolaus increased their target price on Gildan Activewear from $34.00 to $36.00 and gave the stock a "hold" rating in a report on Thursday, February 22nd. Stifel Canada cut Gildan Activewear from a "buy" rating to a "hold" rating in a report on Monday, December 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $41.00 target price on shares of Gildan Activewear in a report on Monday, April 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.25.

Gildan Activewear Trading Up 1.8 %

Gildan Activewear stock traded up $0.64 during mid-day trading on Tuesday, hitting $35.97. 1,504,558 shares of the company's stock were exchanged, compared to its average volume of 848,820. The firm has a market capitalization of $6.06 billion, a P/E ratio of 11.75, a PEG ratio of 1.35 and a beta of 1.38. Gildan Activewear Inc. has a fifty-two week low of $26.98 and a fifty-two week high of $38.87. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. The company's 50 day simple moving average is $35.36 and its 200-day simple moving average is $33.43.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The business had revenue of $782.70 million for the quarter, compared to the consensus estimate of $753.35 million. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts anticipate that Gildan Activewear Inc. will post 2.94 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Wednesday, March 13th were paid a $0.205 dividend. This is an increase from Gildan Activewear's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 12th. This represents a $0.82 annualized dividend and a dividend yield of 2.28%. Gildan Activewear's dividend payout ratio (DPR) is currently 27.06%.

Gildan Activewear Company 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.