Thrivent Financial for Lutherans Purchases New Holdings in Gildan Activewear, Inc. $GIL

Thrivent Financial for Lutherans acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 95,440 shares of the textile maker’s stock, valued at approximately $5,516,000. Thrivent Financial for Lutherans owned about 0.06% of Gildan Activewear as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in shares of Gildan Activewear by 161.8% in the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after buying an additional 343 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Gildan Activewear by 240.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock worth $43,000 after acquiring an additional 521 shares in the last quarter. Assetmark Inc. grew its holdings in Gildan Activewear by 5,200.0% during the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,092 shares in the last quarter. Blue Trust Inc. increased its position in shares of Gildan Activewear by 51.4% in the 2nd quarter. Blue Trust Inc. now owns 2,023 shares of the textile maker’s stock worth $100,000 after purchasing an additional 687 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Gildan Activewear by 82.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,850 shares of the textile maker’s stock valued at $165,000 after purchasing an additional 1,287 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays reissued an “overweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Gildan Activewear in a report on Thursday, October 30th. BMO Capital Markets upped their price target on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Zacks Research downgraded shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. UBS Group reissued a “buy” rating and set a $110.00 target price (up from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.54.

Gildan Activewear Stock Performance

GIL opened at $71.27 on Friday. The business has a 50 day moving average price of $63.17 and a two-hundred day moving average price of $58.69. Gildan Activewear, Inc. has a 1-year low of $37.16 and a 1-year high of $71.68. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 22.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88.

Gildan Activewear Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.