Tacita Capital Inc Sells 735 Shares of Gildan Activewear Inc. (NYSE:GIL)

Tacita Capital Inc cut its holdings in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,321 shares of the textile maker’s stock after selling 735 shares during the period. Tacita Capital Inc’s holdings in Gildan Activewear were worth $579,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in Gildan Activewear during the 4th quarter worth approximately $28,000. Fifth Third Bancorp grew its position in Gildan Activewear by 61.8% during the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after acquiring an additional 333 shares during the last quarter. Venturi Wealth Management LLC grew its position in Gildan Activewear by 899.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after acquiring an additional 908 shares during the last quarter. Rhumbline Advisers grew its position in Gildan Activewear by 561.9% during the 4th quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock worth $67,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Gildan Activewear by 80.1% during the 4th quarter. Blue Trust Inc. now owns 1,459 shares of the textile maker’s stock worth $69,000 after acquiring an additional 649 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GIL. Citigroup increased their price target on Gildan Activewear from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Stifel Nicolaus increased their price objective on Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research report 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. Canaccord Genuity Group increased their price objective on Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, TD Securities increased their price objective on Gildan Activewear from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $60.00.

Gildan Activewear Trading Down 2.1 %

NYSE GIL opened at $52.92 on Tuesday. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $55.39. The stock has a 50-day simple moving average of $50.36 and a 200 day simple moving average of $48.26. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $8.05 billion, a PE ratio of 21.17, a P/E/G ratio of 1.76 and a beta of 1.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The company 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 last year, the company earned $0.75 earnings per share. Research analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 12th. 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.