Sanctuary Advisors LLC Sells 12,352 Shares of Gildan Activewear, Inc. $GIL

Sanctuary Advisors LLC cut its holdings in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 63.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,175 shares of the textile maker’s stock after selling 12,352 shares during the quarter. Sanctuary Advisors LLC’s holdings in Gildan Activewear were worth $399,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Webster Bank N. A. purchased a new position in Gildan Activewear during the 4th quarter valued at about $25,000. Islay Capital Management LLC purchased a new stake in Gildan Activewear in the fourth quarter worth about $25,000. Larson Financial Group LLC grew its holdings in Gildan Activewear by 3,516.7% in the fourth quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 343 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 445 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Down 1.2%

Gildan Activewear stock opened at $51.10 on Thursday. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 30.06 and a beta of 1.11. The stock has a fifty day simple moving average of $54.62 and a two-hundred day simple moving average of $59.56. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.The company’s quarterly revenue was up 63.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. Equities analysts predict that Gildan Activewear, Inc. will post 4.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GIL shares. Zacks Research upgraded shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. TD Securities reaffirmed a “buy” rating on shares of Gildan Activewear in a research report on Tuesday, June 16th. Stifel Nicolaus set a $80.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research note on Monday, July 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Gildan Activewear in a research note on Wednesday, June 17th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Gildan Activewear currently has a consensus rating of “Moderate Buy” and an average target price of $78.21.

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.