Sanctuary Advisors LLC Sells 209 Shares of Gildan Activewear Inc. (NYSE:GIL)

Sanctuary Advisors LLC lowered its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,241 shares of the textile maker’s stock after selling 209 shares during the period. Sanctuary Advisors LLC’s holdings in Gildan Activewear were worth $905,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in GIL. Blue Trust Inc. grew its stake in shares of Gildan Activewear by 96.1% in the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 397 shares in the last quarter. Fifth Third Bancorp raised its stake in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after purchasing an additional 333 shares in the last quarter. Rhumbline Advisers boosted its holdings in Gildan Activewear by 561.9% in the 4th quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 1,208 shares during the period. R Squared Ltd acquired a new position in shares of Gildan Activewear during the 4th quarter worth approximately $165,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Gildan Activewear during the 3rd quarter worth approximately $212,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $53.85 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 0.92. The stock has a market cap of $8.19 billion, a PE ratio of 21.54, a P/E/G ratio of 1.76 and a beta of 1.41. Gildan Activewear Inc. has a 12-month low of $32.23 and a 12-month high of $55.39. The business’s 50-day moving average price is $50.10 and its two-hundred day moving average price is $48.01.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.30). The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. As a group, analysts expect that Gildan Activewear Inc. will post 3.48 earnings per share 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. Investors of record on Wednesday, March 12th will be issued a dividend of $0.226 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 1.68%. Gildan Activewear’s dividend payout ratio (DPR) is 36.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. TD Securities lifted their price objective on Gildan Activewear from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 20th. UBS Group increased their target price on Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. BMO Capital Markets boosted their price target on Gildan Activewear from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group upped their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus 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.