Private Capital Management buys $23,781,562 stake in Gildan Activewear Inc (USA) (GIL)

Gildan Activewear Inc (USA) (GIL) : Private Capital Management scooped up 41,593 additional shares in Gildan Activewear Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 800,726 shares of Gildan Activewear Inc (USA) which is valued at $23,781,562.Gildan Activewear Inc (USA) makes up approximately 3.01% of Private Capital Management’s portfolio.

Other Hedge Funds, Including , Scheer Rowlett Associates Investment Management Ltd. reduced its stake in GIL by selling 76,040 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 1,474,109 shares of GIL which is valued at $43,781,037. Gildan Activewear Inc (USA) makes up approx 2.47% of Scheer Rowlett Associates Investment Management Ltd.’s portfolio. Clinton Group Inc added GIL to its portfolio by purchasing 30,868 company shares during the most recent quarter which is valued at $916,780. Gildan Activewear Inc (USA) makes up approx 0.04% of Clinton Group Inc’s portfolio. Thrax Management sold out all of its stake in GIL during the most recent quarter. The investment firm sold 20,000 shares of GIL which is valued $594,000.Credit Agricole S A reduced its stake in GIL by selling 368,824 shares or 47.75% in the most recent quarter. The Hedge Fund company now holds 403,636 shares of GIL which is valued at $11,987,989. Gildan Activewear Inc (USA) makes up approx 0.04% of Credit Agricole S A’s portfolio.

Gildan Activewear Inc (USA) closed down -0.1 points or -0.34% at $29.38 with 3,05,613 shares getting traded on Thursday. Post opening the session at $29.41, the shares hit an intraday low of $29.27 and an intraday high of $29.698 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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