Tacita Capital Inc Has $579,000 Stock Holdings in Gildan Activewear Inc. (NYSE:GIL)

Tacita Capital Inc trimmed its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 5.6% during the fourth quarter, HoldingsChannel.com reports. 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.

Several other hedge funds have also recently bought and sold shares of the stock. Schechter Investment Advisors LLC raised its holdings in Gildan Activewear by 12.3% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,278 shares of the textile maker’s stock worth $719,000 after buying an additional 1,675 shares during the period. Plato Investment Management Ltd acquired a new stake in Gildan Activewear during the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp raised its holdings in Gildan Activewear by 27.0% during the 4th quarter. Jones Financial Companies Lllp now owns 11,353 shares of the textile maker’s stock worth $534,000 after buying an additional 2,417 shares during the period. Bank of New York Mellon Corp raised its holdings in Gildan Activewear by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 272,520 shares of the textile maker’s stock worth $12,822,000 after buying an additional 1,171 shares during the period. Finally, Davidson Investment Advisors raised its holdings in Gildan Activewear by 1.3% during the 4th quarter. Davidson Investment Advisors now owns 437,314 shares of the textile maker’s stock worth $20,576,000 after buying an additional 5,631 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

NYSE:GIL opened at $52.92 on Tuesday. Gildan Activewear Inc. has a 1-year low of $32.23 and a 1-year high of $55.39. 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 firm has a fifty day simple moving average of $50.36 and a 200 day simple moving average of $48.26. The stock 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 released its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30). Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The firm had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. During the same period in the prior year, the business posted $0.75 earnings per share. Gildan Activewear’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts expect that Gildan Activewear Inc. will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.15. This represents a $0.90 annualized dividend and a dividend yield of 1.71%. Gildan Activewear’s dividend payout ratio (DPR) is currently 36.00%.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Securities raised their target price on shares of Gildan Activewear from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. UBS Group raised their target price 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. Citigroup lifted their price objective on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Stifel Nicolaus lifted their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Gildan Activewear from $53.00 to $58.00 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 MarketBeat, Gildan Activewear currently has an average rating of “Buy” and a consensus target price of $60.00.

Gildan Activewear Company 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.