Jefferies Financial Group Inc. Invests $1.17 Million in Gildan Activewear, Inc. $GIL

Jefferies Financial Group Inc. bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the second quarter, Holdings Channel.com reports. The fund bought 22,686 shares of the textile maker’s stock, valued at approximately $1,171,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Islay Capital Management LLC acquired a new stake in Gildan Activewear in the 4th quarter worth $25,000. Larson Financial Group LLC raised its position in shares of Gildan Activewear by 3,516.7% during the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock valued at $27,000 after buying an additional 422 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after buying an additional 343 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Gildan Activewear by 14,833.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after buying an additional 445 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Gildan Activewear by 867.9% in the third quarter. Brown Brothers Harriman & Co. now owns 513 shares of the textile maker’s stock valued at $30,000 after buying an additional 460 shares during the period. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at $53.04 on Monday. The firm has a market cap of $9.82 billion, a P/E ratio of 102.00 and a beta of 1.11. The firm’s 50-day simple moving average is $53.80 and its 200-day simple moving average is $58.02. Gildan Activewear, Inc. has a twelve month low of $46.55 and a twelve month high of $73.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.01 and a current ratio of 1.93.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.17. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The company’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, research analysts expect that Gildan Activewear, Inc. will post 4.67 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Thursday, August 20th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio (DPR) is 190.38%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 price target (up from $78.00) on shares of Gildan Activewear in a research note on Friday, July 31st. Citigroup reiterated a “neutral” rating on shares of Gildan Activewear in a research report on Tuesday, August 4th. TD Securities reissued a “buy” rating on shares of Gildan Activewear in a report on Tuesday, June 16th. Stifel Nicolaus set a $83.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Scotia upped their target price on Gildan Activewear from $65.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Gildan Activewear has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.