Schechter Investment Advisors LLC Boosts Stock Position in Gildan Activewear Inc. (NYSE:GIL)

Schechter Investment Advisors LLC boosted its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 12.3% during the 4th quarter, Holdings Channel reports. The firm owned 15,278 shares of the textile maker’s stock after acquiring an additional 1,675 shares during the period. Schechter Investment Advisors LLC’s holdings in Gildan Activewear were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GIL. Creative Planning lifted its position in shares of Gildan Activewear by 12.8% during the 3rd quarter. Creative Planning now owns 13,248 shares of the textile maker’s stock valued at $624,000 after buying an additional 1,505 shares during the last quarter. Raymond James & Associates lifted its holdings in Gildan Activewear by 191.3% during the third quarter. Raymond James & Associates now owns 57,538 shares of the textile maker’s stock valued at $2,711,000 after purchasing an additional 37,785 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Gildan Activewear during the third quarter worth about $216,000. US Bancorp DE raised its position in shares of Gildan Activewear by 24.6% in the third quarter. US Bancorp DE now owns 9,359 shares of the textile maker’s stock valued at $441,000 after purchasing an additional 1,849 shares during the period. Finally, Fiera Capital Corp lifted its stake in shares of Gildan Activewear by 5.3% during the 3rd quarter. Fiera Capital Corp now owns 255,734 shares of the textile maker’s stock valued at $12,053,000 after buying an additional 12,933 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. UBS Group lifted their price objective on shares of Gildan Activewear from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. CIBC lifted their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group boosted their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $60.00.

Gildan Activewear Stock Performance

NYSE GIL opened at $50.95 on Wednesday. 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 quick ratio of 0.98 and a current ratio of 2.22. The company has a market capitalization of $7.75 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.76 and a beta of 1.41. The company has a fifty day moving average of $50.45 and a 200-day moving average of $48.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) 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 company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $805.75 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.77%. 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 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.