Triasima Portfolio Management inc. Raises Stock Holdings in Gildan Activewear Inc. (NYSE:GIL)

Triasima Portfolio Management inc. boosted its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,390 shares of the textile maker’s stock after buying an additional 1,890 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Gildan Activewear were worth $2,135,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC acquired a new stake in Gildan Activewear during the third quarter worth about $24,262,000. Janus Henderson Group PLC boosted its holdings in Gildan Activewear by 3.6% in the third quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker’s stock valued at $322,298,000 after purchasing an additional 240,375 shares during the last quarter. Simcoe Capital Management LLC boosted its holdings in Gildan Activewear by 10.5% in the third quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock valued at $112,492,000 after purchasing an additional 226,695 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Gildan Activewear by 59.0% in the third quarter. Natixis Advisors LLC now owns 523,035 shares of the textile maker’s stock valued at $24,640,000 after purchasing an additional 194,128 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Gildan Activewear by 7,709.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 125,181 shares of the textile maker’s stock valued at $5,899,000 after purchasing an additional 123,578 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus increased their target price on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group upgraded Gildan Activewear from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $60.00 in a research report on Friday, January 10th. Canaccord Genuity Group raised their target price on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, CIBC lifted their price target on Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $53.35.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at $51.96 on Friday. The stock has a market cap of $7.92 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41. The business has a fifty day simple moving average of $48.88 and a 200-day simple moving average of $46.69. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $53.29.

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.