Game Plan Financial Advisors LLC Has $2.80 Million Stake in Gildan Activewear Inc. (NYSE:GIL)

Game Plan Financial Advisors LLC lowered its holdings in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 3.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,681 shares of the textile maker’s stock after selling 2,225 shares during the period. Gildan Activewear accounts for about 1.3% of Game Plan Financial Advisors LLC’s portfolio, making the stock its 29th largest position. Game Plan Financial Advisors LLC’s holdings in Gildan Activewear were worth $2,797,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GIL. Lord Abbett & CO. LLC acquired a new stake in shares of Gildan Activewear in the third quarter valued at approximately $24,262,000. Janus Henderson Group PLC boosted its position in Gildan Activewear by 3.6% in the 3rd quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker’s stock valued at $322,298,000 after buying an additional 240,375 shares during the last quarter. Simcoe Capital Management LLC boosted its position in Gildan Activewear by 10.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock valued at $112,492,000 after buying an additional 226,695 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Gildan Activewear by 59.0% in the 3rd quarter. Natixis Advisors LLC now owns 523,035 shares of the textile maker’s stock valued at $24,640,000 after buying an additional 194,128 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Gildan Activewear by 7,709.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 125,181 shares of the textile maker’s stock worth $5,899,000 after acquiring an additional 123,578 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Trading Down 0.2 %

NYSE GIL opened at $50.95 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The stock’s 50-day moving average is $49.10 and its 200-day moving average is $47.25. Gildan Activewear Inc. has a one year low of $32.23 and a one year high of $53.28. The firm has a market cap of $7.77 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.71 and a beta of 1.41.

Analysts Set New Price Targets

A number of analysts recently commented on GIL shares. Citigroup lifted their price objective on Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised shares of Gildan Activewear from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $60.00 in a research note on Friday, January 10th. Canaccord Genuity Group raised their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. CIBC upped their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their price target on Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $54.78.

About Gildan Activewear

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.