Gildan Activewear, Inc. $GIL Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,631 shares of the textile maker’s stock after purchasing an additional 16,061 shares during the quarter. Quantinno Capital Management LP owned approximately 0.07% of Gildan Activewear worth $6,713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Gildan Activewear by 49.3% in the first quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock valued at $584,000 after acquiring an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its position in Gildan Activewear by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock valued at $77,838,000 after purchasing an additional 503,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Gildan Activewear by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock worth $8,251,000 after purchasing an additional 4,714 shares during the period. Cetera Investment Advisers boosted its stake in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after purchasing an additional 259 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Gildan Activewear during the 2nd quarter worth $317,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GIL. Weiss Ratings lowered Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. TD Securities reiterated a “buy” rating on shares of Gildan Activewear in a research note on Tuesday, June 16th. Scotiabank restated a “sector outperform” rating and set a $67.00 price target (up from $65.00) on shares of Gildan Activewear in a research note on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price target (up from $78.00) on shares of Gildan Activewear in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and a consensus target price of $79.07.

Gildan Activewear Price Performance

Shares of NYSE GIL opened at $58.12 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.01 and a current ratio of 1.93. Gildan Activewear, Inc. has a one year low of $46.00 and a one year high of $73.69. The firm has a market capitalization of $10.76 billion, a P/E ratio of 111.77 and a beta of 1.11. The company’s fifty day moving average is $54.28 and its two-hundred day moving average is $59.30.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.17. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. The business’s revenue was up 72.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Analysts forecast that Gildan Activewear, Inc. will post 4.68 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, August 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 192.31%.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.