Natixis Advisors L.P. Has $6.20 Million Holdings in Gildan Activewear Inc. (NYSE:GIL)

Natixis Advisors L.P. boosted its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 1,319.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 187,467 shares of the textile maker's stock after acquiring an additional 174,263 shares during the period. Natixis Advisors L.P. owned 0.11% of Gildan Activewear worth $6,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GIL. Byrne Asset Management LLC purchased a new position in shares of Gildan Activewear during the third quarter valued at approximately $34,000. CWM LLC grew its holdings in Gildan Activewear by 86.5% in the fourth quarter. CWM LLC now owns 1,074 shares of the textile maker's stock valued at $35,000 after purchasing an additional 498 shares during the period. EverSource Wealth Advisors LLC raised its stake in Gildan Activewear by 120.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,646 shares of the textile maker's stock worth $46,000 after purchasing an additional 900 shares during the period. Signaturefd LLC boosted its holdings in shares of Gildan Activewear by 39.3% in the 3rd quarter. Signaturefd LLC now owns 4,104 shares of the textile maker's stock valued at $115,000 after purchasing an additional 1,158 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Gildan Activewear by 60.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,213 shares of the textile maker's stock valued at $118,000 after buying an additional 1,586 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on Gildan Activewear from $40.00 to $44.00 and gave the company a "buy" rating in a report on Friday, February 23rd. Scotiabank boosted their target price on Gildan Activewear from $39.50 to $40.50 and gave the stock a "sector outperform" rating in a report on Friday, February 9th. Canaccord Genuity Group raised their price target on shares of Gildan Activewear from $42.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $34.00 to $36.00 and gave the stock a "hold" rating in a research note on Thursday, February 22nd. Finally, TD Securities raised their target price on shares of Gildan Activewear from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Gildan Activewear currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.95.

Gildan Activewear Price Performance

GIL traded up $0.96 during trading on Friday, reaching $33.60. The stock had a trading volume of 853,510 shares, compared to its average volume of 799,879. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38. The company has a quick ratio of 0.92, a current ratio of 2.38 and a debt-to-equity ratio of 0.48. Gildan Activewear Inc. has a 1-year low of $26.98 and a 1-year high of $38.87. The stock has a 50 day moving average of $35.35 and a two-hundred day moving average of $34.09.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $695.80 million during the quarter, compared to analyst estimates of $692.94 million. Gildan Activewear had a return on equity of 24.00% and a net margin of 16.14%. The company's revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Gildan Activewear Inc. will post 2.94 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Thursday, May 23rd will be issued a $0.205 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.44%. Gildan Activewear's payout ratio is currently 27.70%.

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.