Gildan Activewear Inc. (NYSE:GIL) Position Boosted by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its position in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 30.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 234,146 shares of the textile maker’s stock after acquiring an additional 54,287 shares during the period. Gildan Activewear comprises approximately 2.7% of Louisbourg Investments Inc.’s holdings, making the stock its 6th biggest holding. Louisbourg Investments Inc. owned 0.15% of Gildan Activewear worth $11,014,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GIL. Riverview Trust Co purchased a new stake in shares of Gildan Activewear in the third quarter valued at $29,000. Blue Trust Inc. grew its position in shares of Gildan Activewear by 96.1% in the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 397 shares during the period. Fifth Third Bancorp grew its position in shares of Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 333 shares during the period. CWM LLC grew its position in shares of Gildan Activewear by 23.0% in the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 318 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Gildan Activewear in the fourth quarter valued at $165,000. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Trading Up 0.1 %

Shares of GIL opened at $50.75 on Wednesday. The stock’s 50-day moving average is $48.97 and its two-hundred day moving average is $47.00. The stock has a market cap of $7.74 billion, a PE ratio of 20.06, a P/E/G ratio of 1.71 and a beta of 1.41. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $53.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup lifted their price objective on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price target on Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Securities boosted their price target on Gildan Activewear from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group raised Gildan Activewear from a “neutral” rating to a “buy” rating and boosted their price target for the company from $50.00 to $60.00 in a research report on Friday, January 10th. Finally, BMO Capital Markets boosted their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Gildan Activewear currently has an average rating of “Buy” and an average target price of $54.78.

About Gildan Activewear

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.