TD Private Client Wealth LLC Buys 492 Shares of Gildan Activewear Inc. (NYSE:GIL)

TD Private Client Wealth LLC grew its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 19.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,069 shares of the textile maker’s stock after buying an additional 492 shares during the quarter. TD Private Client Wealth LLC’s holdings in Gildan Activewear were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Plato Investment Management Ltd acquired a new position in Gildan Activewear in the 4th quarter valued at $28,000. Fifth Third Bancorp boosted its holdings in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 333 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Gildan Activewear by 500.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 745 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Gildan Activewear by 899.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 908 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Gildan Activewear by 561.9% in the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock worth $67,000 after purchasing an additional 1,208 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. UBS Group increased their price objective on Gildan Activewear from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Citigroup raised their price target on shares of Gildan Activewear from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $60.00.

Gildan Activewear Trading Down 1.0 %

Shares of Gildan Activewear stock opened at $45.11 on Wednesday. The company’s fifty day moving average price is $50.51 and its two-hundred day moving average price is $48.68. The firm has a market capitalization of $6.86 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39. Gildan Activewear Inc. has a 52-week low of $32.23 and a 52-week high of $55.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The business had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. On average, analysts expect that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. Gildan Activewear’s dividend payout ratio (DPR) is 36.00%.

Gildan Activewear 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.