Parametric Portfolio Associates LLC Has $8.21 Million Position in Gildan Activewear, Inc. (GIL)

Parametric Portfolio Associates LLC increased its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 267,008 shares of the textile maker’s stock after buying an additional 24,647 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.12% of Gildan Activewear worth $8,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its position in Gildan Activewear by 24.2% in the first quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock worth $101,000 after buying an additional 725 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Gildan Activewear by 9.7% in the second quarter. Commonwealth Bank of Australia now owns 3,414 shares of the textile maker’s stock worth $103,000 after buying an additional 303 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Gildan Activewear by 133.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,475 shares of the textile maker’s stock worth $106,000 after buying an additional 1,988 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Gildan Activewear by 43.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,968 shares of the textile maker’s stock worth $107,000 after buying an additional 1,198 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in Gildan Activewear by 33.1% in the second quarter. Global X Management Co. LLC now owns 3,591 shares of the textile maker’s stock worth $110,000 after buying an additional 893 shares during the last quarter. Institutional investors own 72.55% of the company’s stock.

Shares of Gildan Activewear, Inc. (NYSE GIL) opened at 30.97 on Tuesday. The company has a market capitalization of $6.95 billion, a P/E ratio of 18.75 and a beta of 0.69. The stock’s 50 day moving average price is $31.09 and its 200 day moving average price is $29.75. Gildan Activewear, Inc. has a 52-week low of $23.55 and a 52-week high of $31.87.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, August 3rd. The textile maker reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a return on equity of 18.65% and a net margin of 14.16%. The firm had revenue of $715.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same quarter in the prior year, the company earned $0.41 EPS. Gildan Activewear’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Gildan Activewear, Inc. will post $1.70 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. TD Securities downgraded Gildan Activewear from a “buy” rating to a “hold” rating and raised their price target for the stock from $32.00 to $33.00 in a research report on Friday, August 4th. BMO Capital Markets reiterated a “buy” rating and set a $34.00 target price (up from $32.00) on shares of Gildan Activewear in a research report on Friday, August 4th. National Bank Financial downgraded Gildan Activewear from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, Canaccord Genuity downgraded Gildan Activewear from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.14.

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Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its position in Gildan Activewear by 24.2% in the first quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock worth $101,000 after buying an additional 725 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Gildan Activewear by 9.7% in the second quarter. Commonwealth Bank of Australia now owns 3,414 shares of the textile maker’s stock worth $103,000 after buying an additional 303 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Gildan Activewear by 133.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,475 shares of the textile maker’s stock worth $106,000 after buying an additional 1,988 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Gildan Activewear by 43.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,968 shares of the textile maker’s stock worth $107,000 after buying an additional 1,198 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in Gildan Activewear by 33.1% in the second quarter. Global X Management Co. LLC now owns 3,591 shares of the textile maker’s stock worth $110,000 after buying an additional 893 shares during the last quarter. Institutional investors own 72.55% of the company’s stock.

Shares of Gildan Activewear, Inc. (NYSE GIL) opened at 30.97 on Tuesday. The company has a market capitalization of $6.95 billion, a P/E ratio of 18.75 and a beta of 0.69. The stock’s 50 day moving average price is $31.09 and its 200 day moving average price is $29.75. Gildan Activewear, Inc. has a 52-week low of $23.55 and a 52-week high of $31.87.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, August 3rd. The textile maker reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a return on equity of 18.65% and a net margin of 14.16%. The firm had revenue of $715.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same quarter in the prior year, the company earned $0.41 EPS. Gildan Activewear’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Gildan Activewear, Inc. will post $1.70 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. TD Securities downgraded Gildan Activewear from a “buy” rating to a “hold” rating and raised their price target for the stock from $32.00 to $33.00 in a research report on Friday, August 4th. BMO Capital Markets reiterated a “buy” rating and set a $34.00 target price (up from $32.00) on shares of Gildan Activewear in a research report on Friday, August 4th. National Bank Financial downgraded Gildan Activewear from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, Canaccord Genuity downgraded Gildan Activewear from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.14.

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Gildan Activewear Company Profile

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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