Fmr LLC Has $279.51 Million Holdings in Gildan Activewear Inc. (NYSE:GIL)

FMR LLC lessened its stake in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 33.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,939,194 shares of the textile maker's stock after selling 3,015,811 shares during the period. FMR LLC owned 3.89% of Gildan Activewear worth $279,513,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIL. Norges Bank acquired a new position in Gildan Activewear in the fourth quarter valued at approximately $97,275,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Gildan Activewear by 604.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker's stock worth $86,999,000 after purchasing an additional 1,588,071 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Gildan Activewear by 545.1% during the fourth quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker's stock worth $57,403,000 after purchasing an additional 1,022,695 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Gildan Activewear by 776.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 817,204 shares of the textile maker's stock valued at $38,414,000 after purchasing an additional 723,962 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Gildan Activewear during the third quarter worth about $24,262,000. Institutional investors and hedge funds own 82.83% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently weighed in on GIL shares. Canaccord Genuity Group increased their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Citigroup boosted their price target on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, February 20th. UBS Group lifted their target price on Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. BMO Capital Markets increased their price target on Gildan Activewear from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their price objective on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $60.00.

Gildan Activewear Stock Down 0.8 %

NYSE GIL traded down $0.33 during trading on Tuesday, hitting $41.21. The stock had a trading volume of 765,677 shares, compared to its average volume of 647,145. The company has a market capitalization of $6.26 billion, a PE ratio of 16.48, a P/E/G ratio of 1.76 and a beta of 1.16. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $55.39. The company's 50-day moving average price is $47.58 and its two-hundred day moving average price is $48.23. 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 announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.30). The business had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a return on equity of 28.80% and a net margin of 12.26%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. As a group, sell-side analysts forecast that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th were issued a $0.226 dividend. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.90 annualized dividend and a dividend yield of 2.19%. Gildan Activewear's dividend payout ratio (DPR) is presently 36.00%.

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.