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.
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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