JPMorgan Chase & Co. Has $38.31 Million Stock Holdings in Gildan Activewear Inc. (NYSE:GIL)

JPMorgan Chase & Co. grew its stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 814,127 shares of the textile maker's stock after acquiring an additional 235,405 shares during the period. JPMorgan Chase & Co. owned 0.53% of Gildan Activewear worth $38,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GIL. Korea Investment CORP lifted its holdings in Gildan Activewear by 164.0% during the 4th quarter. Korea Investment CORP now owns 221,591 shares of the textile maker's stock worth $10,423,000 after purchasing an additional 137,661 shares during the last quarter. Mufg Securities Canada LTD. lifted its holdings in shares of Gildan Activewear by 63.4% during the fourth quarter. Mufg Securities Canada LTD. now owns 219,301 shares of the textile maker's stock worth $10,314,000 after buying an additional 85,053 shares in the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of Gildan Activewear by 88.1% during the fourth quarter. Zions Bancorporation N.A. now owns 30,474 shares of the textile maker's stock worth $1,434,000 after buying an additional 14,274 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Gildan Activewear by 3.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 447,464 shares of the textile maker's stock valued at $21,053,000 after acquiring an additional 16,578 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Gildan Activewear by 65.4% in the fourth quarter. LPL Financial LLC now owns 56,419 shares of the textile maker's stock valued at $2,655,000 after acquiring an additional 22,313 shares in the last quarter. Institutional investors own 82.83% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Gildan Activewear from $53.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 20th. TD Securities increased their price target on Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" 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. BMO Capital Markets upped their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, UBS Group raised their price target on Gildan Activewear from $60.00 to $69.00 and gave the stock 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 stock has an average rating of "Buy" and a consensus target price of $60.00.

Gildan Activewear Price Performance

Shares of GIL stock traded up $1.36 on Friday, hitting $41.54. 867,889 shares of the company's stock were exchanged, compared to its average volume of 647,405. The company has a 50 day moving average of $47.80 and a 200 day moving average of $48.26. The stock has a market cap of $6.31 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $55.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its earnings results 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 company 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 firm's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. On average, equities research analysts predict that Gildan Activewear Inc. will post 3.48 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's payout ratio is presently 36.00%.

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.