Corient Private Wealth LLC Has $402,000 Stock Holdings in Gildan Activewear Inc. (NYSE:GIL)

Corient Private Wealth LLC lessened its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 57.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,544 shares of the textile maker's stock after selling 11,442 shares during the quarter. Corient Private Wealth LLC's holdings in Gildan Activewear were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. raised its position in shares of Gildan Activewear by 8.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,646 shares of the textile maker's stock valued at $1,395,000 after acquiring an additional 2,361 shares during the last quarter. Intact Investment Management Inc. increased its holdings in Gildan Activewear by 7.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,057,520 shares of the textile maker's stock valued at $49,763,000 after purchasing an additional 70,270 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in Gildan Activewear by 82.9% in the fourth quarter. Achmea Investment Management B.V. now owns 19,066 shares of the textile maker's stock valued at $897,000 after buying an additional 8,642 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Gildan Activewear by 604.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker's stock worth $86,999,000 after buying an additional 1,588,071 shares during the last quarter. Finally, Forge First Asset Management Inc. grew its position in shares of Gildan Activewear by 108.0% during the 4th quarter. Forge First Asset Management Inc. now owns 46,600 shares of the textile maker's stock worth $2,191,000 after buying an additional 24,200 shares during the period. 82.83% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on GIL shares. TD Securities increased their price target on shares of Gildan Activewear from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. UBS Group increased their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. CIBC upped their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Stifel Nicolaus raised their price objective on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets boosted their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $60.00.

Gildan Activewear Stock Up 1.1 %

NYSE GIL traded up $0.48 on Wednesday, reaching $45.54. The company had a trading volume of 322,613 shares, compared to its average volume of 637,630. The company's fifty day moving average is $49.87 and its 200-day moving average is $48.67. Gildan Activewear Inc. has a 1-year low of $32.23 and a 1-year high of $55.39. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30). Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The firm had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. During the same period in the prior year, the company earned $0.75 earnings per share. The firm's quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts forecast that Gildan Activewear Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from Gildan Activewear's previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.99%. Gildan Activewear's dividend payout ratio (DPR) is 36.00%.

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.