Arkadios Wealth Advisors Boosts Holdings in Gildan Activewear Inc. (NYSE:GIL)

Arkadios Wealth Advisors grew its position in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 36.4% during the fourth quarter, Holdings Channel reports. The fund owned 6,139 shares of the textile maker’s stock after purchasing an additional 1,637 shares during the period. Arkadios Wealth Advisors’ holdings in Gildan Activewear were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Gildan Activewear by 43.9% during the second quarter. American Century Companies Inc. now owns 122,159 shares of the textile maker’s stock valued at $4,633,000 after acquiring an additional 37,288 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Gildan Activewear by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 315,851 shares of the textile maker’s stock valued at $11,977,000 after buying an additional 34,534 shares during the period. Dimensional Fund Advisors LP lifted its position in Gildan Activewear by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,148,030 shares of the textile maker’s stock valued at $43,533,000 after purchasing an additional 110,704 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Gildan Activewear by 11.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,918 shares of the textile maker’s stock worth $411,000 after acquiring an additional 1,117 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Gildan Activewear by 497.4% during the 2nd quarter. Sei Investments Co. now owns 182,153 shares of the textile maker’s stock valued at $6,907,000 after buying an additional 151,663 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Up 0.3 %

NYSE:GIL opened at $51.00 on Friday. The company has a market cap of $7.78 billion, a PE ratio of 20.16, a P/E/G ratio of 1.68 and a beta of 1.41. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $48.39 and its two-hundred day moving average is $45.82. Gildan Activewear Inc. has a twelve month low of $32.14 and a twelve month high of $51.18.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, October 31st. The textile maker reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates of $0.85. The firm had revenue of $891.10 million for the quarter, compared to analyst estimates of $882.85 million. Gildan Activewear had a return on equity of 26.88% and a net margin of 13.06%. Gildan Activewear’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Analysts anticipate that Gildan Activewear Inc. will post 2.97 EPS for the current year.

Gildan Activewear Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is 32.41%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GIL shares. UBS Group upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $60.00 in a research report on Friday, January 10th. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Securities upped their price target on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group upped their target price on Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $53.35.

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.