Hara Capital LLC Lowers Stock Position in Gildan Activewear Inc. (NYSE:GIL)

Hara Capital LLC trimmed its stake in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,035 shares of the textile maker’s stock after selling 220 shares during the quarter. Hara Capital LLC’s holdings in Gildan Activewear were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GIL. Fortis Group Advisors LLC boosted its holdings in Gildan Activewear by 3.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock valued at $311,000 after purchasing an additional 246 shares in the last quarter. CWM LLC lifted its holdings in Gildan Activewear by 23.0% in the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after acquiring an additional 318 shares during the period. Fifth Third Bancorp grew its stake in shares of Gildan Activewear by 61.8% during the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after purchasing an additional 333 shares during the period. Cooper Financial Group increased its holdings in Gildan Activewear by 2.1% in the fourth quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock valued at $765,000 after buying an additional 340 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Gildan Activewear by 96.1% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after buying an additional 397 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIL. UBS Group raised shares of Gildan Activewear from a “neutral” rating to a “buy” rating and increased 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 Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup boosted their price objective on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, CIBC increased their target price on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Buy” and a consensus target price of $54.78.

Gildan Activewear Price Performance

Shares of GIL opened at $50.95 on Tuesday. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $53.28. 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 has a fifty day moving average price of $49.10 and a 200 day moving average price of $47.30. The company has a market cap of $7.77 billion, a P/E ratio of 20.14, a PEG ratio of 1.71 and a beta of 1.41.

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.