Aperio Group LLC lifted its position in Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,007 shares of the textile maker’s stock after acquiring an additional 15,736 shares during the period. Aperio Group LLC’s holdings in Gildan Activewear were worth $2,718,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP grew its position in Gildan Activewear by 2.7% during the fourth quarter. Korea Investment CORP now owns 37,737 shares of the textile maker’s stock valued at $1,117,000 after purchasing an additional 1,000 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Gildan Activewear by 0.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 134,918 shares of the textile maker’s stock worth $3,984,000 after acquiring an additional 1,088 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of Gildan Activewear by 7.7% in the fourth quarter. Equitable Trust Co. now owns 15,780 shares of the textile maker’s stock worth $466,000 after buying an additional 1,125 shares during the last quarter. Andra AP fonden lifted its stake in shares of Gildan Activewear by 3.5% in the fourth quarter. Andra AP fonden now owns 35,900 shares of the textile maker’s stock worth $1,378,000 after buying an additional 1,200 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Gildan Activewear by 4.6% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 27,200 shares of the textile maker’s stock worth $347,000 after buying an additional 1,200 shares during the last quarter. 74.60% of the stock is currently owned by institutional investors and hedge funds.
GIL opened at $13.64 on Tuesday. The firm’s 50-day simple moving average is $14.22 and its 200-day simple moving average is $23.29. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.35 and a current ratio of 5.41. Gildan Activewear Inc has a twelve month low of $9.42 and a twelve month high of $40.40. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 4.20 and a beta of 1.34.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Wednesday, April 29th. The textile maker reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.05). Gildan Activewear had a return on equity of 17.38% and a net margin of 5.18%. The firm had revenue of $459.10 million during the quarter, compared to the consensus estimate of $481.17 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was down 26.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gildan Activewear Inc will post 0.43 EPS for the current fiscal year.
A number of brokerages have recently weighed in on GIL. Scotiabank upgraded shares of Gildan Activewear from a “sector perform” rating to a “sector outperform” rating and set a $31.00 price objective for the company in a research note on Thursday, March 5th. They noted that the move was a valuation call. Royal Bank of Canada reduced their price objective on shares of Gildan Activewear from $15.00 to $14.00 and set a “sector perform” rating for the company in a research note on Monday, May 11th. Zacks Investment Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. TheStreet cut shares of Gildan Activewear from a “c” rating to a “d+” rating in a research note on Wednesday, April 29th. Finally, Cfra lowered shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $15.00 in a report on Monday, March 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.50.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
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