Laurion Capital Management LP acquired a new position in shares of Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 100,000 shares of the textile maker’s stock, valued at approximately $2,816,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Gildan Activewear by 2.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 636,682 shares of the textile maker’s stock valued at $18,362,000 after purchasing an additional 17,394 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Gildan Activewear during the 1st quarter valued at approximately $2,618,000. Aperio Group LLC increased its position in shares of Gildan Activewear by 19.2% during the 1st quarter. Aperio Group LLC now owns 178,446 shares of the textile maker’s stock valued at $5,155,000 after purchasing an additional 28,728 shares during the last quarter. Intact Investment Management Inc. increased its position in shares of Gildan Activewear by 26.4% during the 1st quarter. Intact Investment Management Inc. now owns 112,000 shares of the textile maker’s stock valued at $4,156,000 after purchasing an additional 23,400 shares during the last quarter. Finally, Korea Investment CORP increased its position in shares of Gildan Activewear by 21.4% during the 1st quarter. Korea Investment CORP now owns 154,613 shares of the textile maker’s stock valued at $4,462,000 after purchasing an additional 27,263 shares during the last quarter. 71.66% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on GIL. Zacks Investment Research raised Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. TD Securities boosted their target price on Gildan Activewear from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. ValuEngine downgraded Gildan Activewear from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Desjardins downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Finally, Bank of America raised Gildan Activewear from an “underperform” rating to a “buy” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.00.

Shares of Gildan Activewear stock opened at $28.89 on Friday. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 5.06. Gildan Activewear Inc has a 52 week low of $25.33 and a 52 week high of $34.19.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, August 2nd. The textile maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $764.20 million for the quarter, compared to the consensus estimate of $728.72 million. Gildan Activewear had a return on equity of 18.53% and a net margin of 12.51%. Gildan Activewear’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. equities analysts expect that Gildan Activewear Inc will post 1.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Thursday, August 16th will be given a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, August 15th. Gildan Activewear’s dividend payout ratio (DPR) is presently 26.16%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

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Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

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