Segall Bryant & Hamill LLC Grows Stock Holdings in Gildan Activewear Inc. (NYSE:GIL)

Segall Bryant & Hamill LLC grew its holdings in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 447,464 shares of the textile maker’s stock after purchasing an additional 16,578 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Gildan Activewear were worth $21,053,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GIL. Fifth Third Bancorp lifted its position in Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after buying an additional 333 shares during the period. Cooper Financial Group lifted its holdings in shares of Gildan Activewear by 2.1% during the 4th quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock worth $765,000 after acquiring an additional 340 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Gildan Activewear by 19.1% in the fourth quarter. TD Private Client Wealth LLC now owns 3,069 shares of the textile maker’s stock worth $144,000 after acquiring an additional 492 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Gildan Activewear in the fourth quarter valued at approximately $28,000. Finally, Willis Investment Counsel boosted its holdings in shares of Gildan Activewear by 1.8% in the 4th quarter. Willis Investment Counsel now owns 35,167 shares of the textile maker’s stock valued at $1,655,000 after purchasing an additional 622 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on GIL. Canaccord Genuity Group upped their price objective on Gildan Activewear from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. TD Securities boosted their target price on Gildan Activewear from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. CIBC raised their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Citigroup lifted their price target on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets increased their price objective 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. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.00.

Gildan Activewear Trading Up 0.7 %

NYSE GIL opened at $45.51 on Tuesday. The stock has a market cap of $6.92 billion, a P/E ratio of 18.20, a PEG ratio of 1.76 and a beta of 1.39. The company’s fifty day simple moving average is $50.59 and its 200-day simple moving average is $48.68. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. Gildan Activewear Inc. has a 52 week low of $32.23 and a 52 week high of $55.39.

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

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders 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 yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change 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.