Gildan Activewear, Inc. $GIL Shares Bought by State of Wyoming

State of Wyoming lifted its position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 205.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 17,263 shares of the textile maker’s stock after buying an additional 11,609 shares during the period. State of Wyoming’s holdings in Gildan Activewear were worth $998,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Gildan Activewear during the second quarter worth $101,409,000. Mackenzie Financial Corp grew its holdings in Gildan Activewear by 61.9% in the second quarter. Mackenzie Financial Corp now owns 4,434,020 shares of the textile maker’s stock valued at $218,622,000 after purchasing an additional 1,695,329 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Gildan Activewear in the second quarter valued at $65,409,000. The Manufacturers Life Insurance Company raised its stake in shares of Gildan Activewear by 24.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,678,451 shares of the textile maker’s stock worth $180,305,000 after buying an additional 718,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Gildan Activewear by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after buying an additional 503,359 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays reissued an “overweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Gildan Activewear in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a research report on Monday, December 29th. Desjardins raised their price objective on shares of Gildan Activewear from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $60.00 to $63.00 in a research report on Monday, October 20th. Finally, National Bankshares reiterated an “outperform” rating on shares of Gildan Activewear in a report on Thursday, October 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.77.

Gildan Activewear Stock Down 1.5%

GIL stock opened at $64.99 on Monday. The company has a 50 day moving average price of $62.07 and a two-hundred day moving average price of $58.22. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01. The stock has a market capitalization of $12.03 billion, a P/E ratio of 20.76 and a beta of 1.08. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $67.96.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.