Arkadios Wealth Advisors Acquires 1,637 Shares of Gildan Activewear Inc. (NYSE:GIL)

Arkadios Wealth Advisors lifted its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 36.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,139 shares of the textile maker’s stock after buying an additional 1,637 shares during the period. Arkadios Wealth Advisors’ holdings in Gildan Activewear were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Fortis Group Advisors LLC raised its stake in 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 acquiring an additional 246 shares in the last quarter. Aristides Capital LLC grew its holdings 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 last quarter. CWM LLC raised its position in Gildan Activewear by 23.0% during the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock worth $80,000 after purchasing an additional 318 shares during the last quarter. Cooper Financial Group raised its position in Gildan Activewear by 2.1% during the 4th quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock worth $765,000 after purchasing an additional 340 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in 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 during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

GIL stock opened at $51.00 on Friday. The firm has a 50 day simple moving average of $48.39 and a two-hundred day simple moving average of $45.82. The stock has a market cap of $7.78 billion, a PE ratio of 20.16, a P/E/G ratio of 1.68 and a beta of 1.41. Gildan Activewear Inc. has a one year low of $32.14 and a one year high of $51.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, October 31st. The textile maker reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The firm had revenue of $891.10 million for the quarter, compared to the consensus estimate of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. On average, analysts predict that Gildan Activewear Inc. will post 2.97 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, November 21st were given a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s payout ratio is 32.41%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. CIBC boosted their price objective 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 increased their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus upped 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. Canaccord Genuity Group boosted their target price on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup upped their price objective on shares of Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gildan Activewear presently has a consensus rating of “Buy” and an average price target of $53.35.

Gildan Activewear 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.