CLARET ASSET MANAGEMENT Corp lowered its position in Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,867 shares of the textile maker’s stock after selling 6,868 shares during the quarter. Gildan Activewear comprises approximately 1.0% of CLARET ASSET MANAGEMENT Corp’s investment portfolio, making the stock its 27th biggest holding. CLARET ASSET MANAGEMENT Corp owned 0.07% of Gildan Activewear worth $4,995,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in GIL. Karp Capital Management Corp acquired a new stake in shares of Gildan Activewear in the fourth quarter valued at approximately $34,000. Enlightenment Research LLC acquired a new position in shares of Gildan Activewear during the fourth quarter valued at approximately $39,000. Rehmann Capital Advisory Group acquired a new position in shares of Gildan Activewear during the fourth quarter valued at approximately $45,000. Beutel Goodman & Co Ltd. acquired a new position in shares of Gildan Activewear during the first quarter valued at approximately $56,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Gildan Activewear by 916.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,116 shares of the textile maker’s stock valued at $122,000 after acquiring an additional 3,711 shares during the period. Institutional investors own 71.50% of the company’s stock.
Gildan Activewear stock traded down $0.04 during mid-day trading on Wednesday, hitting $37.35. The company’s stock had a trading volume of 530,200 shares, compared to its average volume of 527,414. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.74 and a current ratio of 4.92. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. Gildan Activewear Inc has a twelve month low of $25.33 and a twelve month high of $38.28.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Wednesday, May 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Gildan Activewear had a net margin of 10.59% and a return on equity of 18.24%. The firm had revenue of $624.00 million for the quarter, compared to analyst estimates of $600.17 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts predict that Gildan Activewear Inc will post 1.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.134 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, May 15th. Gildan Activewear’s dividend payout ratio is 29.03%.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Gildan Activewear from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Raymond James reiterated a “strong-buy” rating and set a $40.00 price objective on shares of Gildan Activewear in a research note on Thursday, March 28th. Royal Bank of Canada raised their price objective on shares of Gildan Activewear from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. ValuEngine upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Finally, TD Securities raised their price objective on shares of Gildan Activewear from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gildan Activewear presently has an average rating of “Hold” and a consensus price target of $29.80.
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Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
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