Aristides Capital LLC Purchases 314 Shares of Gildan Activewear Inc. (NYSE:GIL)

Aristides Capital LLC increased its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,617 shares of the textile maker’s stock after purchasing an additional 314 shares during the quarter. Aristides Capital LLC’s holdings in Gildan Activewear were worth $289,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Gildan Activewear by 16.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the textile maker’s stock worth $66,000 after purchasing an additional 274 shares during the period. Orion Portfolio Solutions LLC increased its stake in Gildan Activewear by 1.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 35,893 shares of the textile maker’s stock valued at $1,333,000 after purchasing an additional 535 shares in the last quarter. SYSTM Wealth Solutions LLC raised its stake in Gildan Activewear by 33.1% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 2,709 shares of the textile maker’s stock worth $103,000 after acquiring an additional 674 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Gildan Activewear by 11.7% in the second quarter. Assenagon Asset Management S.A. now owns 7,156 shares of the textile maker’s stock worth $271,000 after purchasing an additional 747 shares during the last quarter. Finally, Addenda Capital Inc. lifted its stake in Gildan Activewear by 0.4% during the 1st quarter. Addenda Capital Inc. now owns 212,701 shares of the textile maker’s stock valued at $7,898,000 after acquiring an additional 800 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on GIL. Royal Bank of Canada upped their price target on Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating and upped their price objective for the stock from $39.00 to $51.00 in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Gildan Activewear currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Gildan Activewear Price Performance

Shares of GIL opened at $47.11 on Tuesday. The firm’s fifty day simple moving average is $43.33 and its 200-day simple moving average is $39.06. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.77 and a beta of 1.43. Gildan Activewear Inc. has a twelve month low of $27.24 and a twelve month high of $47.75. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, August 1st. The textile maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The business had revenue of $862.20 million for the quarter, compared to analysts’ expectations of $851.10 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that Gildan Activewear Inc. will post 2.92 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.74%. Gildan Activewear’s payout ratio is 27.70%.

About Gildan Activewear

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.