Gildan Activewear Inc (USA) (GIL) : Cibc Asset Management Inc reduced its stake in Gildan Activewear Inc (USA) by 4.57% during the most recent quarter end. The investment management company now holds a total of 2,908,104 shares of Gildan Activewear Inc (USA) which is valued at $85,003,880 after selling 139,363 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Gildan Activewear Inc (USA) makes up approximately 0.62% of Cibc Asset Management Inc’s portfolio.
Other Hedge Funds, Including , 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.Signaturefd boosted its stake in GIL in the latest quarter, The investment management firm added 236 additional shares and now holds a total of 492 shares of Gildan Activewear Inc (USA) which is valued at $14,421.Keel Point reduced its stake in GIL by selling 852 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 42,193 shares of GIL which is valued at $1,313,046. Gildan Activewear Inc (USA) makes up approx 0.55% of Keel Point’s portfolio. Daiwa Sb Investments Ltd. added GIL to its portfolio by purchasing 31,840 company shares during the most recent quarter which is valued at $955,200. Gildan Activewear Inc (USA) makes up approx 0.27% of Daiwa Sb Investments Ltd.’s portfolio.
Gildan Activewear Inc (USA) opened for trading at $29.19 and hit $29.35 on the upside on Monday, eventually ending the session at $29.34, with a gain of 0.76% or 0.22 points. The heightened volatility saw the trading volume jump to 2,82,319 shares. Company has a market cap of $6,800 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.
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.