78,487 Shares in Gildan Activewear, Inc. $GIL Acquired by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 78,487 shares of the textile maker’s stock, valued at approximately $4,537,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its holdings in shares of Gildan Activewear by 161.8% during the second quarter. Smartleaf Asset Management LLC now owns 555 shares of the textile maker’s stock worth $27,000 after buying an additional 343 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Gildan Activewear by 240.1% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the textile maker’s stock worth $43,000 after acquiring an additional 521 shares during the last quarter. Assetmark Inc. grew its stake in Gildan Activewear by 5,200.0% during the 2nd quarter. Assetmark Inc. now owns 1,113 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,092 shares in the last quarter. Blue Trust Inc. raised its holdings in Gildan Activewear by 12.1% in the 3rd quarter. Blue Trust Inc. now owns 2,268 shares of the textile maker’s stock valued at $131,000 after acquiring an additional 245 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Gildan Activewear by 82.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,850 shares of the textile maker’s stock worth $165,000 after purchasing an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

NYSE:GIL opened at $71.99 on Wednesday. Gildan Activewear, Inc. has a 52 week low of $37.16 and a 52 week high of $73.69. The stock’s fifty day moving average is $66.31 and its two-hundred day moving average is $60.47. The company has a market capitalization of $13.33 billion, a P/E ratio of 23.00 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.94.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GIL. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $79.00 price target on shares of Gildan Activewear in a research report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $79.00 price objective (up from $71.00) on shares of Gildan Activewear in a research note on Tuesday. Zacks Research downgraded Gildan Activewear from a “hold” rating to a “strong sell” rating in a research note on Monday. TD Securities reissued a “buy” rating and set a $77.00 price target on shares of Gildan Activewear in a research report on Tuesday, January 27th. Finally, Barclays reissued an “overweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Gildan Activewear in a report on Thursday, October 30th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Gildan Activewear Profile

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.