11,452 Shares in Gildan Activewear, Inc. $GIL Purchased by Tacita Capital Inc

Tacita Capital Inc purchased a new stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,452 shares of the textile maker’s stock, valued at approximately $589,000.

Several other hedge funds have also bought and sold shares of GIL. Barington Companies Management LLC purchased a new position in shares of Gildan Activewear during the fourth quarter valued at approximately $15,941,000. The Manufacturers Life Insurance Company grew its stake in shares of Gildan Activewear by 15.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,706,078 shares of the textile maker’s stock worth $373,122,000 after buying an additional 909,001 shares during the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Gildan Activewear in the 4th quarter worth approximately $4,353,000. VELA Investment Management LLC bought a new position in Gildan Activewear during the 4th quarter valued at approximately $3,104,000. Finally, Hodges Capital Management Inc. increased its position in Gildan Activewear by 103.5% during the 4th quarter. Hodges Capital Management Inc. now owns 205,154 shares of the textile maker’s stock valued at $12,814,000 after buying an additional 104,354 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of GIL opened at $57.06 on Thursday. The company has a market capitalization of $10.57 billion, a P/E ratio of 109.73 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $53.98 and a 200 day moving average of $58.71. Gildan Activewear, Inc. has a twelve month low of $46.55 and a twelve month high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.17. The company 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 firm’s revenue for the quarter was up 72.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. As a group, equities research analysts anticipate that Gildan Activewear, Inc. will post 4.67 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Thursday, August 20th will be issued a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 192.31%.

Analyst Upgrades and Downgrades

Several research firms have commented on GIL. Stifel Nicolaus set a $83.00 target price on Gildan Activewear and gave the stock a “buy” rating in a report on Friday, July 31st. Scotiabank restated a “sector outperform” rating and set a $67.00 price target (up from $65.00) on shares of Gildan Activewear in a report on Friday, July 31st. Citigroup restated a “neutral” rating on shares of Gildan Activewear in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $77.00 price target on shares of Gildan Activewear in a research report on Friday, May 1st. Finally, TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.