Gildan Activewear, Inc. $GIL Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 25.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 300,633 shares of the textile maker’s stock after acquiring an additional 60,111 shares during the period. Sei Investments Co.’s holdings in Gildan Activewear were worth $16,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GIL. Washburn Capital Management Inc. grew its position in Gildan Activewear by 3.8% during the 4th quarter. Washburn Capital Management Inc. now owns 4,257 shares of the textile maker’s stock worth $266,000 after purchasing an additional 157 shares during the last quarter. Fifth Third Bancorp increased its stake in Gildan Activewear by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 1,355 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 192 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Gildan Activewear by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 8,787 shares of the textile maker’s stock worth $549,000 after buying an additional 193 shares during the last quarter. Tacita Capital Inc raised its holdings in shares of Gildan Activewear by 1.9% in the fourth quarter. Tacita Capital Inc now owns 11,250 shares of the textile maker’s stock worth $704,000 after buying an additional 211 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Gildan Activewear by 2.1% during the second quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Gildan Activewear from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Scotia reduced their target price on Gildan Activewear from $72.00 to $65.00 and set a “sector outperform” rating for the company in a research note on Wednesday, June 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Gildan Activewear in a research report on Wednesday, June 17th. UBS Group reiterated a “buy” rating on shares of Gildan Activewear in a research note on Friday, July 17th. Finally, Scotiabank reissued a “sector outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of Gildan Activewear in a report on Wednesday, June 17th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear presently has an average rating of “Moderate Buy” and an average price target of $78.21.

Gildan Activewear Stock Down 1.2%

GIL stock opened at $51.10 on Thursday. The firm’s fifty day simple moving average is $54.62 and its 200-day simple moving average is $59.56. The company has a market capitalization of $9.46 billion, a P/E ratio of 30.06 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. Gildan Activewear, Inc. has a 12 month low of $46.00 and a 12 month high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 63.8% compared to the same quarter last year. As a group, equities research analysts forecast that Gildan Activewear, Inc. will post 4.25 earnings per share for the current year.

About Gildan Activewear

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.