Jarislowsky Fraser Ltd Lowers stake in Gildan Activewear Inc (USA) (GIL)

Gildan Activewear Inc (USA) (GIL) : Jarislowsky Fraser Ltd reduced its stake in Gildan Activewear Inc (USA) by 0.49% during the most recent quarter end. The investment management company now holds a total of 11,804,911 shares of Gildan Activewear Inc (USA) which is valued at $350,605,857 after selling 58,566 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Gildan Activewear Inc (USA) makes up approximately 2.48% of Jarislowsky Fraser Ltd’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in GIL by selling 789,537 shares or 83.26% in the most recent quarter. The Hedge Fund company now holds 158,728 shares of GIL which is valued at $4,714,222. Gildan Activewear Inc (USA) makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.Swiss National Bank boosted its stake in GIL in the latest quarter, The investment management firm added 55,600 additional shares and now holds a total of 1,310,800 shares of Gildan Activewear Inc (USA) which is valued at $38,314,684. Gildan Activewear Inc (USA) makes up approx 0.06% of Swiss National Bank’s portfolio. Quantitative Investment Management added GIL to its portfolio by purchasing 9,700 company shares during the most recent quarter which is valued at $283,531. Gildan Activewear Inc (USA) makes up approx 0.01% of Quantitative Investment Management’s portfolio. Lmr Partners Llp added GIL to its portfolio by purchasing 29,686 company shares during the most recent quarter which is valued at $870,097. Gildan Activewear Inc (USA) makes up approx 0.13% of Lmr Partners Llp’s portfolio.

Gildan Activewear Inc (USA) opened for trading at $30.04 and hit $30.12 on the upside on Tuesday, eventually ending the session at $30.01, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 1,92,057 shares. Company has a market cap of $6,955 M.

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.

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.

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