Signaturefd LLC Purchases 1,158 Shares of Gildan Activewear Inc. (NYSE:GIL)

Signaturefd LLC raised its position in shares of Gildan Activewear Inc. (NYSE:GILFree Report) (TSE:GIL) by 39.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,104 shares of the textile maker’s stock after acquiring an additional 1,158 shares during the quarter. Signaturefd LLC’s holdings in Gildan Activewear were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GIL. Coliseum Capital Management LLC boosted its position in Gildan Activewear by 23.9% during the second quarter. Coliseum Capital Management LLC now owns 10,662,735 shares of the textile maker’s stock valued at $343,767,000 after acquiring an additional 2,060,229 shares during the last quarter. Norges Bank bought a new stake in Gildan Activewear during the fourth quarter valued at $55,337,000. Bank of Montreal Can bought a new stake in Gildan Activewear during the second quarter valued at $54,247,000. BlackRock Inc. boosted its position in Gildan Activewear by 115.5% during the first quarter. BlackRock Inc. now owns 2,602,095 shares of the textile maker’s stock valued at $86,364,000 after acquiring an additional 1,394,775 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Gildan Activewear by 85.0% during the first quarter. The Manufacturers Life Insurance Company now owns 2,191,716 shares of the textile maker’s stock valued at $82,339,000 after purchasing an additional 1,007,107 shares during the period. Institutional investors own 79.09% of the company’s stock.

Gildan Activewear Trading Down 2.6 %

GIL opened at $33.01 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.50 and a quick ratio of 0.93. Gildan Activewear Inc. has a fifty-two week low of $26.98 and a fifty-two week high of $37.65. The firm has a market capitalization of $5.62 billion, a PE ratio of 12.65, a P/E/G ratio of 1.29 and a beta of 1.38. The company’s 50-day moving average is $33.61 and its 200 day moving average is $31.33.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 2nd. The textile maker reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Gildan Activewear had a net margin of 14.81% and a return on equity of 22.80%. The business had revenue of $869.90 million during the quarter, compared to the consensus estimate of $834.15 million. As a group, research analysts predict that Gildan Activewear Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GIL shares. TD Securities upped their price objective on shares of Gildan Activewear from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 3rd. UBS Group lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $40.00 to $37.00 in a report on Friday, January 5th. Scotiabank upped their price objective on shares of Gildan Activewear from $36.50 to $39.50 and gave the company an “outperform” rating in a report on Friday, November 3rd. CIBC upped their price objective on shares of Gildan Activewear from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Canaccord Genuity Group upped their price objective on shares of Gildan Activewear from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.32.

View Our Latest Report on GIL

About Gildan Activewear

(Free Report)

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

Further Reading

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

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