Gildan Activewear Inc (GIL) Holdings Boosted by Aperio Group LLC

Aperio Group LLC raised its stake in shares of Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,121 shares of the textile maker’s stock after purchasing an additional 14,218 shares during the period. Aperio Group LLC owned 0.09% of Gildan Activewear worth $5,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global X Management Co LLC lifted its holdings in Gildan Activewear by 145.3% during the second quarter. Global X Management Co LLC now owns 6,390 shares of the textile maker’s stock valued at $180,000 after purchasing an additional 3,785 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in Gildan Activewear during the second quarter valued at $250,000. Allianz Asset Management GmbH purchased a new position in Gildan Activewear during the first quarter valued at $208,000. Lester Murray Antman dba SimplyRich purchased a new position in Gildan Activewear during the second quarter valued at $205,000. Finally, Jane Street Group LLC purchased a new position in Gildan Activewear during the second quarter valued at $221,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

NYSE:GIL opened at $29.91 on Thursday. The company has a current ratio of 5.06, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $6.15 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.36 and a beta of 0.79. Gildan Activewear Inc has a twelve month low of $25.33 and a twelve month high of $34.19.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, August 2nd. The textile maker reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $764.20 million for the quarter, compared to the consensus estimate of $728.72 million. Gildan Activewear had a net margin of 12.51% and a return on equity of 18.53%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. On average, research analysts anticipate that Gildan Activewear Inc will post 1.87 earnings per share for the current year.

GIL has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Gildan Activewear from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded shares of Gildan Activewear from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Desjardins downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. ValuEngine raised shares of Gildan Activewear from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, TD Securities raised their price target on shares of Gildan Activewear from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.00.

Gildan Activewear Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

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Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

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