Signature Financial Management Lowers stake in Gildan Activewear Inc (USA) (GIL)

Gildan Activewear Inc (USA) (GIL) : Signature Financial Management reduced its stake in Gildan Activewear Inc (USA) by 7.42% during the most recent quarter end. The investment management company now holds a total of 47,024 shares of Gildan Activewear Inc (USA) which is valued at $1,374,512 after selling 3,770 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Gildan Activewear Inc (USA) makes up approximately 0.64% of Signature Financial Management’s portfolio.

Other Hedge Funds, Including , Reilly Financial Advisors added GIL to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $11,692.Agf Investments boosted its stake in GIL in the latest quarter, The investment management firm added 3,513 additional shares and now holds a total of 6,414 shares of Gildan Activewear Inc (USA) which is valued at $187,481.Proficio Capital Partners boosted its stake in GIL in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 209 shares of Gildan Activewear Inc (USA) which is valued at $6,126.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. New England Research Management added GIL to its portfolio by purchasing 9,700 company shares during the most recent quarter which is valued at $285,665. Gildan Activewear Inc (USA) makes up approx 0.25% of New England Research Management’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.

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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