Andra AP fonden decreased its position in Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) by 42.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,900 shares of the textile maker’s stock after selling 30,500 shares during the period. Andra AP fonden’s holdings in Gildan Activewear were worth $1,647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GIL. Lawson Kroeker Investment Management Inc. NE raised its holdings in shares of Gildan Activewear by 0.9% in the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 231,060 shares of the textile maker’s stock worth $7,031,000 after buying an additional 2,165 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gildan Activewear by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 162,336 shares of the textile maker’s stock worth $4,690,000 after buying an additional 2,290 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Gildan Activewear by 36.9% in the 1st quarter. Stifel Financial Corp now owns 9,002 shares of the textile maker’s stock worth $261,000 after buying an additional 2,425 shares in the last quarter. Global X Management Co LLC raised its holdings in shares of Gildan Activewear by 145.3% in the 2nd quarter. Global X Management Co LLC now owns 6,390 shares of the textile maker’s stock worth $180,000 after buying an additional 3,785 shares in the last quarter. Finally, Marathon Asset Management LLP raised its holdings in shares of Gildan Activewear by 0.5% in the 2nd quarter. Marathon Asset Management LLP now owns 1,345,288 shares of the textile maker’s stock worth $37,870,000 after buying an additional 6,039 shares in the last quarter. 70.88% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on GIL shares. Bank of America cut Gildan Activewear from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $34.00 to $26.00 in a report on Tuesday, July 24th. ValuEngine raised Gildan Activewear from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Desjardins cut 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. Royal Bank of Canada increased their target price on Gildan Activewear from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Friday, August 3rd. Finally, TD Securities increased their target price on Gildan Activewear from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Gildan Activewear presently has a consensus rating of “Hold” and a consensus price target of $33.00.

GIL stock opened at $29.66 on Monday. Gildan Activewear Inc has a fifty-two week low of $25.33 and a fifty-two week high of $34.19. The firm has a market cap of $6.15 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.36 and a beta of 0.79. The company has a quick ratio of 1.76, a current ratio of 5.06 and a debt-to-equity ratio of 0.47.

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

About Gildan Activewear

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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