Orion Portfolio Solutions LLC Purchases 2,593 Shares of Gildan Activewear Inc. (NYSE:GIL)

Orion Portfolio Solutions LLC boosted its position in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,012 shares of the textile maker’s stock after purchasing an additional 2,593 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Gildan Activewear were worth $2,024,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in shares of Gildan Activewear by 171.1% in the 3rd quarter. Cerity Partners LLC now owns 17,720 shares of the textile maker’s stock valued at $835,000 after buying an additional 11,184 shares during the period. Townsquare Capital LLC acquired a new position in Gildan Activewear in the third quarter valued at about $253,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Gildan Activewear by 106.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,573 shares of the textile maker’s stock worth $2,286,000 after acquiring an additional 25,050 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Gildan Activewear during the third quarter worth about $457,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Gildan Activewear by 3.6% during the 3rd quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker’s stock valued at $322,298,000 after purchasing an additional 240,375 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Analyst Ratings Changes

GIL has been the topic of several research analyst reports. CIBC raised their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. UBS Group raised their price objective on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. BMO Capital Markets upped their target price on shares of Gildan Activewear from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Canaccord Genuity Group increased their target price on Gildan Activewear from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their price target on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gildan Activewear currently has an average rating of “Buy” and an average target price of $60.00.

Gildan Activewear Stock Up 1.1 %

GIL stock opened at $45.54 on Thursday. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.76 and a beta of 1.39. Gildan Activewear Inc. has a twelve month low of $32.23 and a twelve month high of $55.39. The business has a 50 day moving average price of $49.87 and a two-hundred day moving average price of $48.67. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly 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). Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. During the same period last year, the firm earned $0.75 EPS. Gildan Activewear’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, March 12th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.15. Gildan Activewear’s dividend payout ratio (DPR) is currently 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.