Gildan Activewear, Inc. (NYSE:GIL) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 177.3% in the first quarter, Holdings Channel reports. The firm owned 56,085 shares of the textile maker’s stock after purchasing an additional 35,857 shares during the quarter. XTX Topco Ltd’s holdings in Gildan Activewear were worth $2,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Gildan Activewear by 13.8% in the fourth quarter. American Century Companies Inc. now owns 163,967 shares of the textile maker’s stock worth $7,717,000 after purchasing an additional 19,877 shares during the period. LPL Financial LLC lifted its position in shares of Gildan Activewear by 65.4% in the 4th quarter. LPL Financial LLC now owns 56,419 shares of the textile maker’s stock worth $2,655,000 after buying an additional 22,313 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gildan Activewear by 40.7% in the 4th quarter. JPMorgan Chase & Co. now owns 814,127 shares of the textile maker’s stock valued at $38,305,000 after buying an additional 235,405 shares during the period. Norges Bank bought a new stake in shares of Gildan Activewear during the 4th quarter valued at about $97,275,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Gildan Activewear by 6.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 78,548 shares of the textile maker’s stock valued at $3,695,000 after buying an additional 5,089 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. CIBC decreased their target price on Gildan Activewear from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. TD Securities lifted their price target on Gildan Activewear from $56.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Scotiabank raised Gildan Activewear to a “strong-buy” rating and set a $55.00 price target for the company in a research note on Wednesday, May 28th. UBS Group raised their price objective on shares of Gildan Activewear from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays began coverage on shares of Gildan Activewear in a research report on Monday, April 28th. They issued an “overweight” rating and a $51.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Gildan Activewear presently has a consensus rating of “Buy” and an average price target of $58.00.

Gildan Activewear Trading Down 1.2%

Shares of NYSE GIL opened at $51.91 on Wednesday. The business has a 50 day simple moving average of $49.35 and a 200 day simple moving average of $48.21. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $55.39. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.69 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.59 and a current ratio of 3.91.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Tuesday, April 29th. The textile maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $711.70 million for the quarter, compared to analyst estimates of $715.29 million. Gildan Activewear had a net margin of 12.38% and a return on equity of 30.61%. Gildan Activewear’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. On average, research analysts predict that Gildan Activewear, Inc. will post 3.48 earnings per share for the current fiscal year.

Gildan Activewear Company Profile

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.