Jane Street Group LLC bought a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,312 shares of the textile maker’s stock, valued at approximately $522,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its position in Gildan Activewear by 24.2% in the first quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock worth $101,000 after buying an additional 725 shares during the period. PNC Financial Services Group Inc. increased its position in Gildan Activewear by 43.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,968 shares of the textile maker’s stock worth $107,000 after buying an additional 1,198 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Gildan Activewear during the first quarter worth $222,000. BB&T Corp acquired a new position in Gildan Activewear during the first quarter worth $270,000. Finally, Atlantic Trust Group LLC acquired a new position in Gildan Activewear during the first quarter worth $312,000. 77.45% of the stock is owned by institutional investors and hedge funds.
Shares of Gildan Activewear, Inc. (NYSE GIL) traded down 0.10% during mid-day trading on Friday, reaching $30.15. 315,162 shares of the company’s stock traded hands. Gildan Activewear, Inc. has a 12-month low of $23.55 and a 12-month high of $31.83. The company has a market cap of $6.79 billion, a P/E ratio of 19.14 and a beta of 0.73. The firm has a 50-day moving average of $30.61 and a 200 day moving average of $27.60.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Wednesday, May 3rd. The textile maker reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $665.40 million for the quarter, compared to the consensus estimate of $664.37 million. Gildan Activewear had a net margin of 13.81% and a return on equity of 18.09%. Equities analysts forecast that Gildan Activewear, Inc. will post $1.69 EPS for the current year.
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A number of research analysts recently weighed in on GIL shares. Zacks Investment Research raised shares of Gildan Activewear from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, May 31st. TD Securities reaffirmed a “buy” rating and issued a $31.00 target price on shares of Gildan Activewear in a research report on Thursday, April 27th. Canaccord Genuity set a $32.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Friday, July 7th. Finally, TheStreet downgraded shares of Gildan Activewear from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.63.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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