Russell Investments Group Ltd. Has $15.38 Million Position in Gildan Activewear Inc. (NYSE:GIL)

Russell Investments Group Ltd. cut its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 464,620 shares of the textile maker's stock after selling 82,037 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.27% of Gildan Activewear worth $15,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC lifted its stake in Gildan Activewear by 1.6% in the third quarter. Pzena Investment Management LLC now owns 10,996,538 shares of the textile maker's stock valued at $308,013,000 after acquiring an additional 168,601 shares during the last quarter. Cooke & Bieler LP boosted its holdings in Gildan Activewear by 1.7% in the fourth quarter. Cooke & Bieler LP now owns 10,075,062 shares of the textile maker's stock worth $333,082,000 after purchasing an additional 169,476 shares in the last quarter. Vanguard Group Inc. increased its position in Gildan Activewear by 1.6% during the third quarter. Vanguard Group Inc. now owns 6,401,045 shares of the textile maker's stock worth $179,293,000 after buying an additional 97,924 shares during the last quarter. Guardian Capital LP raised its holdings in Gildan Activewear by 3.2% during the third quarter. Guardian Capital LP now owns 2,739,070 shares of the textile maker's stock valued at $77,128,000 after buying an additional 84,744 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Gildan Activewear by 1.1% during the fourth quarter. Mackenzie Financial Corp now owns 2,712,021 shares of the textile maker's stock valued at $89,732,000 after buying an additional 29,193 shares in the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gildan Activewear Stock Performance

Shares of GIL traded down $0.43 during trading hours on Friday, reaching $33.10. 434,778 shares of the company traded hands, compared to its average volume of 724,448. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 2.38. The stock's fifty day moving average is $35.51 and its 200 day moving average is $34.02. Gildan Activewear Inc. has a 1-year low of $26.98 and a 1-year high of $38.87. The stock has a market cap of $5.58 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.38.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Wednesday, May 1st. The textile maker reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. Gildan Activewear had a return on equity of 24.00% and a net margin of 16.14%. The firm had revenue of $695.80 million during the quarter, compared to analysts' expectations of $692.94 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts anticipate that Gildan Activewear Inc. will post 2.94 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Thursday, May 23rd will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.82 annualized dividend and a dividend yield of 2.48%. Gildan Activewear's dividend payout ratio (DPR) is presently 27.36%.

Analysts Set New Price Targets

GIL has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Gildan Activewear from $34.00 to $36.00 and gave the company a "hold" rating in a report on Thursday, February 22nd. Canaccord Genuity Group lifted their price target on shares of Gildan Activewear from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday. TD Securities upped their price objective on shares of Gildan Activewear from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. CIBC raised their target price on shares of Gildan Activewear from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Finally, UBS Group lowered shares of Gildan Activewear from a "buy" rating to a "neutral" rating and cut their target price for the stock from $40.00 to $37.00 in a research report on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.95.

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.