Capstone Asset Management Co. Has $1.15 Million Position in Gildan Activewear, Inc. (GIL)

Capstone Asset Management Co. lowered its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 37,553 shares of the textile maker’s stock after selling 680 shares during the period. Capstone Asset Management Co.’s holdings in Gildan Activewear were worth $1,154,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GIL. Canada Pension Plan Investment Board boosted its stake in shares of Gildan Activewear by 6.1% in the first quarter. Canada Pension Plan Investment Board now owns 221,200 shares of the textile maker’s stock worth $5,959,000 after buying an additional 12,672 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Gildan Activewear by 73.7% in the first quarter. Wells Fargo & Company MN now owns 105,479 shares of the textile maker’s stock worth $2,853,000 after buying an additional 44,747 shares during the last quarter. BB&T Corp acquired a new stake in shares of Gildan Activewear during the first quarter worth about $270,000. AMF Pensionsforsakring AB boosted its stake in shares of Gildan Activewear by 3.3% in the first quarter. AMF Pensionsforsakring AB now owns 260,968 shares of the textile maker’s stock worth $7,031,000 after buying an additional 8,230 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Gildan Activewear by 8.9% in the first quarter. Russell Investments Group Ltd. now owns 719,795 shares of the textile maker’s stock worth $19,392,000 after buying an additional 58,852 shares during the last quarter. 77.47% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear, Inc. (NYSE GIL) opened at 30.35 on Friday. The company has a 50-day moving average of $30.52 and a 200 day moving average of $27.44. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 19.27 and a beta of 0.73. Gildan Activewear, Inc. has a 12 month low of $23.55 and a 12 month high of $31.83.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Wednesday, May 3rd. The textile maker reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $665.40 million for the quarter, compared to the consensus estimate of $664.37 million. Gildan Activewear had a net margin of 13.81% and a return on equity of 18.09%. On average, equities research analysts anticipate that Gildan Activewear, Inc. will post $1.68 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. CIBC raised shares of Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Gildan Activewear from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, June 19th. Royal Bank Of Canada cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 target price on the stock. in a report on Tuesday, July 11th. Canaccord Genuity lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a research report on Wednesday, July 12th. Finally, TheStreet lowered shares of Gildan Activewear from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.56.

About Gildan Activewear

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

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Institutional Ownership by Quarter for Gildan Activewear (NYSE:GIL)

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