Choreo LLC Invests $987,000 in Gildan Activewear Inc. (NYSE:GIL)

Choreo LLC purchased a new stake in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,283 shares of the textile maker’s stock, valued at approximately $987,000.

A number of other institutional investors also recently bought and sold shares of the stock. Willis Investment Counsel raised its stake in shares of Gildan Activewear by 1.8% in the fourth quarter. Willis Investment Counsel now owns 35,167 shares of the textile maker’s stock valued at $1,655,000 after acquiring an additional 622 shares during the period. Caprock Group LLC bought a new position in Gildan Activewear during the 4th quarter valued at about $402,000. Forsta AP Fonden purchased a new stake in Gildan Activewear in the 4th quarter worth about $1,613,000. R Squared Ltd bought a new stake in Gildan Activewear in the fourth quarter worth about $165,000. Finally, Blue Trust Inc. boosted its position in shares of Gildan Activewear by 80.1% during the fourth quarter. Blue Trust Inc. now owns 1,459 shares of the textile maker’s stock valued at $69,000 after buying an additional 649 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GIL shares. UBS Group upgraded Gildan Activewear from a “neutral” rating to a “buy” rating and increased their price target for the stock from $50.00 to $60.00 in a report on Friday, January 10th. CIBC lifted their target price on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Securities raised their price target on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Citigroup boosted their price objective on shares of Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gildan Activewear presently has a consensus rating of “Buy” and an average price target of $54.78.

Gildan Activewear Stock Down 1.5 %

Shares of Gildan Activewear stock opened at $51.16 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.71 and a beta of 1.41. The firm’s 50-day moving average is $48.96 and its two-hundred day moving average is $46.86. Gildan Activewear Inc. has a 1 year low of $32.23 and a 1 year high of $53.28.

Gildan Activewear Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.