Gildan Activewear Inc. (NYSE:GIL) Stock Position Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,429 shares of the textile maker's stock after buying an additional 21,675 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.08% of Gildan Activewear worth $4,576,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GIL. Byrne Asset Management LLC purchased a new position in shares of Gildan Activewear in the 3rd quarter valued at about $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Gildan Activewear by 120.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,646 shares of the textile maker's stock valued at $46,000 after acquiring an additional 900 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Gildan Activewear during the 3rd quarter worth approximately $106,000. Signaturefd LLC grew its holdings in shares of Gildan Activewear by 39.3% in the 3rd quarter. Signaturefd LLC now owns 4,104 shares of the textile maker's stock worth $115,000 after acquiring an additional 1,158 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Gildan Activewear by 60.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,213 shares of the textile maker's stock worth $118,000 after acquiring an additional 1,586 shares during the period. Hedge funds and other institutional investors own 82.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. TD Securities boosted their target price on Gildan Activewear from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Scotiabank raised their target price on shares of Gildan Activewear from $39.50 to $40.50 and gave the company a "sector outperform" rating in a report on Friday, February 9th. Citigroup lifted their target price on shares of Gildan Activewear from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. UBS Group lowered shares of Gildan Activewear from a "buy" rating to a "neutral" rating and lowered their price target for the company from $40.00 to $37.00 in a research report on Friday, January 5th. Finally, Stifel Nicolaus lifted their price objective on Gildan Activewear from $34.00 to $36.00 and gave the stock a "hold" rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.25.

Gildan Activewear Trading Up 0.2 %

Gildan Activewear stock traded up $0.08 during trading on Friday, hitting $35.20. The company's stock had a trading volume of 786,554 shares, compared to its average volume of 729,643. The stock's fifty day moving average is $35.48 and its 200 day moving average is $33.61. Gildan Activewear Inc. has a 1-year low of $26.98 and a 1-year high of $38.87. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 2.33.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. Gildan Activewear had a net margin of 16.70% and a return on equity of 23.19%. The company had revenue of $782.70 million during the quarter, compared to the consensus estimate of $753.35 million. During the same quarter in the prior year, the company posted $0.65 EPS. The company's quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Gildan Activewear Inc. will post 2.94 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.205 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.82 dividend on an annualized basis and a yield of 2.33%. This is an increase from Gildan Activewear's previous quarterly dividend of $0.19. Gildan Activewear's dividend payout ratio (DPR) is currently 27.06%.

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.