2 weeks Ago By ABMN Staff
Makena Capital Management LLC trimmed its holdings in shares of Gildan Activewear Inc. ( NYSE:GIL – Free Report ) (TSE:GIL) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 355,746 shares of the textile maker’s stock after selling 6,295 shares during the quarter. Gildan Activewear makes up approximately 3.1% of Makena Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding.
Makena Capital Management LLC owned about 0.21% of Gildan Activewear worth $13,490,000 as of its most recent SEC filing. A number of other large investors also recently bought and sold shares of the business.
Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gildan Activewear in the first quarter valued at approximately $692,000.
Orion Portfolio Solutions LLC acquired a new stake in shares of Gildan Activewear during the fourth quarter worth about $1,114,000. Canada Pension Plan Investment Board lifted its stake in Gildan Activewear by 16.1% during the 1st quarter.
Canada Pension Plan Investment Board now owns 563,498 shares of the textile maker’s stock valued at $20,933,000 after acquiring an additional 78,338 shares during the period. Browning West LP boosted its holdings in Gildan Activewear by 30.0% in the fourth quarter.
Browning West LP now owns 8,640,448 shares of the textile maker’s stock valued at $285,653,000 after purchasing an additional 1,994,900 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Gildan Activewear during the fourth quarter worth about $859,000. Institutional investors own 82.
83% of the company’s stock. Gildan Activewear Trading Up 1.2 % GIL opened at $47.
50 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.
35 and a debt-to-equity ratio of 0.55. Gildan Activewear Inc.
has a 52 week low of $27.08 and a 52 week high of $47.75.
The business’s 50 day moving average is $42.86 and its two-hundred day moving average is $38.76.
The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.
77 and a beta of 1.43. Gildan Activewear Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th.
Shareholders of record on Thursday, August 22nd were given a dividend of $0.205 per share. This represents a $0.
82 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, August 22nd.
Gildan Activewear’s payout ratio is 27.70%. Analyst Ratings Changes A number of brokerages have issued reports on GIL.
BMO Capital Markets increased their price target on Gildan Activewear from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd.
Royal Bank of Canada raised their target price on Gildan Activewear from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd.
Finally, Stifel Nicolaus raised Gildan Activewear from a “hold” rating to a “buy” rating and lifted their price objective for the company from $39.00 to $51.00 in a research note on Friday, August 2nd.
Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus target price of $44.
50. Get Our Latest Stock Analysis on Gildan Activewear Gildan Activewear Profile ( Free Report ) 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.
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