Thompson Siegel & Walmsley LLC lessened its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 15.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,312 shares of the textile maker’s stock after selling 4,700 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Gildan Activewear were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Gildan Activewear by 133.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,475 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 1,988 shares during the period. Global X Management Co. LLC lifted its stake in shares of Gildan Activewear by 33.1% in the 2nd quarter. Global X Management Co. LLC now owns 3,591 shares of the textile maker’s stock valued at $110,000 after purchasing an additional 893 shares during the period. US Bancorp DE lifted its stake in shares of Gildan Activewear by 24.2% in the 1st quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 725 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Gildan Activewear by 43.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,968 shares of the textile maker’s stock valued at $107,000 after purchasing an additional 1,198 shares during the period. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of Gildan Activewear in the 2nd quarter valued at approximately $209,000. Institutional investors own 72.59% of the company’s stock.
GIL has been the subject of a number of research analyst reports. Royal Bank Of Canada cut Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 target price for the company. in a research note on Tuesday, July 11th. CIBC upgraded Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Canaccord Genuity set a $32.00 target price on Gildan Activewear and gave the company a “buy” rating in a research note on Friday, July 7th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $35.14.
Gildan Activewear, Inc. (NYSE:GIL) opened at 30.73 on Friday. The company’s 50-day moving average price is $30.68 and its 200-day moving average price is $29.09. Gildan Activewear, Inc. has a 52-week low of $23.55 and a 52-week high of $31.87. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 18.60 and a beta of 0.70.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, August 3rd. The textile maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Gildan Activewear had a return on equity of 18.65% and a net margin of 14.16%. The firm had revenue of $715.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts expect that Gildan Activewear, Inc. will post $1.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 17th were issued a dividend of $0.094 per share. The ex-dividend date was Tuesday, August 15th. This represents a $0.38 annualized dividend and a dividend yield of 1.22%. Gildan Activewear’s dividend payout ratio is presently 22.42%.
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Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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