Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus set a $37.00 price target on shares of Gildan Activewear and gave the company a buy rating in a research note on Friday, December 15th. ValuEngine upgraded shares of Gildan Activewear from a hold rating to a buy rating in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Gildan Activewear from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Friday, October 27th. Goldman Sachs Group reiterated a buy rating and set a $37.00 price objective on shares of Gildan Activewear in a research note on Friday, December 8th. Finally, BMO Capital Markets lowered shares of Gildan Activewear from an outperform rating to a market perform rating and lowered their price objective for the company from $34.00 to $30.00 in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $34.13.
Shares of Gildan Activewear (NYSE:GIL) opened at $30.85 on Wednesday. Gildan Activewear has a 12 month low of $24.67 and a 12 month high of $34.19. The company has a market cap of $6,770.00, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.24 and a beta of 0.79. The company has a quick ratio of 1.72, a current ratio of 5.13 and a debt-to-equity ratio of 0.34.
Several hedge funds and other institutional investors have recently bought and sold shares of GIL. The Manufacturers Life Insurance Company increased its stake in shares of Gildan Activewear by 44.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,340,079 shares of the textile maker’s stock valued at $140,185,000 after acquiring an additional 1,337,248 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Gildan Activewear by 1,291.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 578,805 shares of the textile maker’s stock worth $18,689,000 after buying an additional 537,205 shares during the last quarter. Marathon Asset Management LLP acquired a new position in Gildan Activewear in the third quarter worth approximately $12,991,000. Mackenzie Financial Corp grew its position in Gildan Activewear by 20.6% in the fourth quarter. Mackenzie Financial Corp now owns 2,228,837 shares of the textile maker’s stock worth $71,991,000 after buying an additional 380,627 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Gildan Activewear by 30.8% in the fourth quarter. Deutsche Bank AG now owns 1,558,870 shares of the textile maker’s stock worth $50,350,000 after buying an additional 366,895 shares during the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.
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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