Barclays PLC Sells 4,562 Shares of Gildan Activewear Inc. (NYSE:GIL)

Barclays PLC decreased its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 60.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,943 shares of the textile maker’s stock after selling 4,562 shares during the quarter. Barclays PLC’s holdings in Gildan Activewear were worth $138,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Fortis Group Advisors LLC increased its holdings in shares of Gildan Activewear by 3.9% during the third quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock worth $311,000 after purchasing an additional 246 shares during the period. Aristides Capital LLC increased its stake in Gildan Activewear by 4.3% during the 2nd quarter. Aristides Capital LLC now owns 7,617 shares of the textile maker’s stock worth $289,000 after acquiring an additional 314 shares during the period. CWM LLC raised its holdings in Gildan Activewear by 23.0% in the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after acquiring an additional 318 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Gildan Activewear by 96.1% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 397 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its holdings in shares of Gildan Activewear by 0.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 109,947 shares of the textile maker’s stock worth $5,180,000 after purchasing an additional 577 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Performance

Shares of GIL opened at $46.45 on Wednesday. Gildan Activewear Inc. has a 1 year low of $30.68 and a 1 year high of $50.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The stock’s fifty day moving average price is $48.44 and its two-hundred day moving average price is $44.96. The firm has a market cap of $7.10 billion, a PE ratio of 18.36, a PEG ratio of 1.82 and a beta of 1.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. The business had revenue of $891.10 million during the quarter, compared to analyst estimates of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. Gildan Activewear’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. On average, equities research analysts forecast that Gildan Activewear Inc. will post 2.97 EPS for the current year.

Gildan Activewear Cuts Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio is currently 32.41%.

Analysts Set New Price Targets

A number of research analysts recently commented on GIL shares. CIBC boosted their price target on Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Securities increased their price target on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research 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 research note on Friday, November 1st. Finally, Stifel Nicolaus raised their target price on Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Nine 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 price target of $52.61.

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.