Gildan Activewear Inc (USA) (GIL) : Addenda Capital reduced its stake in Gildan Activewear Inc (USA) by 0.4% during the most recent quarter end. The investment management company now holds a total of 900,360 shares of Gildan Activewear Inc (USA) which is valued at $26,740,692 after selling 3,580 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Gildan Activewear Inc (USA) makes up approximately 2.10% of Addenda Capital’s portfolio.
Other Hedge Funds, Including , New York State Common Retirement Fund sold out all of its stake in GIL during the most recent quarter. The investment firm sold 57,000 shares of GIL which is valued $1,692,900.I.g. Investment Management Ltd. reduced its stake in GIL by selling 5,779 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 1,130,972 shares of GIL which is valued at $32,933,905. Gildan Activewear Inc (USA) makes up approx 0.13% of I.g. Investment Management Ltd.’s portfolio.Thompson Siegel Walmsley reduced its stake in GIL by selling 750 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 40,212 shares of GIL which is valued at $1,170,973. Gildan Activewear Inc (USA) makes up approx 0.02% of Thompson Siegel Walmsley’s portfolio.World Asset Management Inc boosted its stake in GIL in the latest quarter, The investment management firm added 945 additional shares and now holds a total of 14,876 shares of Gildan Activewear Inc (USA) which is valued at $434,825. Gildan Activewear Inc (USA) makes up approx 0.02% of World Asset Management Inc’s portfolio.Leavell Investment Management reduced its stake in GIL by selling 200 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 14,000 shares of GIL which is valued at $440,440. Gildan Activewear Inc (USA) makes up approx 0.06% of Leavell Investment Management’s portfolio.
Gildan Activewear Inc (USA) opened for trading at $29.74 and hit $30.27 on the upside on Friday, eventually ending the session at $30.26, with a gain of 1.27% or 0.38 points. The heightened volatility saw the trading volume jump to 2,93,270 shares. Company has a market cap of $7,013 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.