Gildan Activewear, Inc. (GIL) Position Maintained by Westpac Banking Corp

Westpac Banking Corp continued to hold its stake in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,462 shares of the textile maker’s stock at the end of the 2nd quarter. Westpac Banking Corp’s holdings in Gildan Activewear were worth $536,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GIL. Nationwide Fund Advisors purchased a new stake in shares of Gildan Activewear in the first quarter valued at about $1,801,000. Janney Montgomery Scott LLC purchased a new stake in shares of Gildan Activewear in the first quarter valued at about $405,000. Wells Fargo & Company MN boosted its holdings in shares of Gildan Activewear by 73.7% in the first quarter. Wells Fargo & Company MN now owns 105,479 shares of the textile maker’s stock valued at $2,853,000 after acquiring an additional 44,747 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Gildan Activewear by 24.2% in the first quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock valued at $101,000 after acquiring an additional 725 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Gildan Activewear by 1.2% in the first quarter. Comerica Bank now owns 13,687 shares of the textile maker’s stock valued at $384,000 after acquiring an additional 164 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. CIBC raised shares of Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Gildan Activewear from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, June 19th. Canaccord Genuity set a $32.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday, July 7th. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of Gildan Activewear in a report on Friday, August 4th. Finally, National Bank Financial downgraded shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating in a report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.29.

TRADEMARK VIOLATION WARNING: This news story was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/15/gildan-activewear-inc-gil-position-maintained-by-westpac-banking-corp.html.

Shares of Gildan Activewear, Inc. (NYSE:GIL) opened at 30.39 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of 18.39 and a beta of 0.70. Gildan Activewear, Inc. has a 12-month low of $23.55 and a 12-month high of $31.87. The company’s 50-day moving average is $30.62 and its 200-day moving average is $28.93.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, August 3rd. The textile maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gildan Activewear had a net margin of 14.16% and a return on equity of 18.65%. The company had revenue of $715.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts expect that Gildan Activewear, Inc. will post $1.70 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 17th were paid a dividend of $0.094 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, August 15th. Gildan Activewear’s dividend payout ratio is presently 22.42%.

About Gildan Activewear

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

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

Receive News & Ratings for Gildan Activewear Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply