141,434 Shares in Gildan Activewear Inc. (NYSE:GIL) Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 141,434 shares of the textile maker's stock, valued at approximately $6,655,000. Thrivent Financial for Lutherans owned about 0.09% of Gildan Activewear as of its most recent SEC filing.

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

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Gildan Activewear Stock Performance

Shares of Gildan Activewear stock traded up $0.57 during midday trading on Thursday, hitting $44.76. The company had a trading volume of 913,738 shares, compared to its average volume of 622,896. Gildan Activewear Inc. has a 1-year low of $32.23 and a 1-year high of $55.39. The business's 50 day simple moving average is $50.40 and its two-hundred day simple moving average is $48.65. The stock has a market cap of $6.80 billion, a PE ratio of 17.90, a P/E/G ratio of 1.76 and a beta of 1.39. 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 (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share (EPS) 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 company had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts predict that Gildan Activewear Inc. will post 3.48 EPS 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 paid a $0.226 dividend. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.02%. Gildan Activewear's dividend payout ratio is currently 36.00%.

Analyst Ratings Changes

Several research analysts have weighed in on GIL shares. CIBC upped their target price on Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Canaccord Genuity Group increased their price objective on Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. UBS Group boosted their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. TD Securities increased their price target on shares of Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Citigroup lifted their price objective on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gildan Activewear has an average rating of "Buy" and a consensus price target of $60.00.

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.