Choreo LLC Makes New $987,000 Investment in Gildan Activewear Inc. (NYSE:GIL)

Choreo LLC purchased a new stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,283 shares of the textile maker’s stock, valued at approximately $987,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new stake in Gildan Activewear in the third quarter worth about $24,262,000. Janus Henderson Group PLC boosted its stake 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 worth $322,298,000 after purchasing an additional 240,375 shares in the last quarter. Simcoe Capital Management LLC grew its position in Gildan Activewear by 10.5% during the 3rd quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock worth $112,492,000 after purchasing an additional 226,695 shares during the last quarter. Natixis Advisors LLC increased its stake in Gildan Activewear by 59.0% during the 3rd quarter. Natixis Advisors LLC now owns 523,035 shares of the textile maker’s stock valued at $24,640,000 after purchasing an additional 194,128 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Gildan Activewear by 7,709.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 125,181 shares of the textile maker’s stock worth $5,899,000 after buying an additional 123,578 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analyst Ratings Changes

GIL has been the topic of a number of research analyst reports. TD Securities boosted their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upgraded Gildan Activewear from a “neutral” rating to a “buy” rating and boosted their price target for the company from $50.00 to $60.00 in a research note on Friday, January 10th. Stifel Nicolaus raised their price objective on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. CIBC upped their target price on 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 shares of Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $54.78.

Gildan Activewear Trading Down 1.5 %

Shares of NYSE:GIL opened at $51.16 on Monday. The company has a market capitalization of $7.80 billion, a PE ratio of 20.22, a PEG ratio of 1.71 and a beta of 1.41. Gildan Activewear Inc. has a 12-month low of $32.23 and a 12-month high of $53.28. The business has a 50 day moving average of $48.96 and a two-hundred day moving average of $46.86. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81.

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.