Davidson Investment Advisors Has $20.58 Million Position in Gildan Activewear Inc. (NYSE:GIL)

Davidson Investment Advisors lifted its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,314 shares of the textile maker’s stock after purchasing an additional 5,631 shares during the period. Davidson Investment Advisors owned 0.29% of Gildan Activewear worth $20,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of Gildan Activewear by 96.1% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after purchasing an additional 397 shares during the period. Fifth Third Bancorp raised its stake in shares of Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after buying an additional 333 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Gildan Activewear by 899.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after buying an additional 908 shares during the last quarter. Rhumbline Advisers increased its stake in Gildan Activewear by 561.9% in the fourth quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 1,208 shares in the last quarter. Finally, CWM LLC increased its stake in Gildan Activewear by 23.0% in the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GIL shares. CIBC upped their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group raised shares of Gildan Activewear from a “neutral” rating to a “buy” rating and upped their target price for the company from $50.00 to $60.00 in a research note on Friday, January 10th. TD Securities increased their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, BMO Capital Markets increased their price objective on shares of Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Gildan Activewear presently has a consensus rating of “Buy” and a consensus price target of $54.78.

Gildan Activewear Price Performance

Shares of GIL opened at $50.95 on Tuesday. The firm has a market capitalization of $7.77 billion, a PE ratio of 20.14, a PEG ratio of 1.71 and a beta of 1.41. The company’s 50-day moving average is $49.10 and its 200-day moving average is $47.30. Gildan Activewear Inc. has a fifty-two week low of $32.23 and a fifty-two week high of $53.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98.

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.