Vaughan Nelson Investment Management L.P. Sells 254,695 Shares of Gildan Activewear Inc. (NYSE:GIL)

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,363,725 shares of the textile maker’s stock after selling 254,695 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.89% of Gildan Activewear worth $64,164,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Entropy Technologies LP bought a new position in Gildan Activewear during the fourth quarter worth about $987,000. Triasima Portfolio Management inc. raised its holdings in shares of Gildan Activewear by 4.3% in the 4th quarter. Triasima Portfolio Management inc. now owns 45,390 shares of the textile maker’s stock worth $2,135,000 after buying an additional 1,890 shares in the last quarter. Meritage Portfolio Management bought a new position in shares of Gildan Activewear during the 4th quarter worth approximately $462,000. Choreo LLC bought a new position in shares of Gildan Activewear during the 4th quarter worth approximately $987,000. Finally, Willis Investment Counsel boosted its stake in Gildan Activewear by 1.8% in the 4th quarter. Willis Investment Counsel now owns 35,167 shares of the textile maker’s stock valued at $1,655,000 after buying an additional 622 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Gildan Activewear Stock Down 1.5 %

Shares of GIL opened at $51.16 on Friday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.71 and a beta of 1.41. Gildan Activewear Inc. has a 52 week low of $32.23 and a 52 week high of $53.28. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 2.31. The business’s fifty day moving average price is $48.96 and its two-hundred day moving average price is $46.81.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of analyst reports. CIBC lifted their price objective on Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group raised shares of Gildan Activewear from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $60.00 in a research note on Friday, January 10th. TD Securities boosted their target price on Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Stifel Nicolaus increased their price target on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $53.35.

Gildan Activewear 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.