Gildan Activewear Inc (USA) (GIL) : North Point Portfolio Managers Corpoh reduced its stake in Gildan Activewear Inc (USA) by 2.2% during the most recent quarter end. The investment management company now holds a total of 507,294 shares of Gildan Activewear Inc (USA) which is valued at $14,807,912 after selling 11,425 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Gildan Activewear Inc (USA) makes up approximately 2.83% of North Point Portfolio Managers Corpoh’s portfolio.
Other Hedge Funds, Including , American Century Companies Inc reduced its stake in GIL by selling 97,670 shares or 45.34% in the most recent quarter. The Hedge Fund company now holds 117,766 shares of GIL which is valued at $3,437,590.Pembroke Management Ltd reduced its stake in GIL by selling 4,500 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 1,332,930 shares of GIL which is valued at $41,840,673. Gildan Activewear Inc (USA) makes up approx 3.91% of Pembroke Management Ltd’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in GIL in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 9,230 shares of Gildan Activewear Inc (USA) which is valued at $287,238.
Gildan Activewear Inc (USA) closed down -0.15 points or -0.51% at $29.31 with 5,79,966 shares getting traded on Friday. Post opening the session at $29.37, the shares hit an intraday low of $29.01 and an intraday high of $29.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Gildan Activewear Inc (USA) reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.42. The company had revenue of $688.90 million for the quarter, compared to analysts expectations of $702.61 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Gildan Activewear Inc (USA). Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .
Gildan Activewear Inc. (Gildan) supplies branded basic family apparel including T-shirts fleece sport shirts underwear socks hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands including the Gildan Gold Toe Anvil brands and brand extensions Secret Silks Therapy Plus and Kushyfoo as well as under licensing arrangements for the Under Armour Mossy Oak and New Balance brands. It operates in two segments Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States Canada Europe and the Asia-Pacific region.