Ameritas Investment Partners Inc. Decreases Position in Gildan Activewear, Inc. $GIL

Ameritas Investment Partners Inc. trimmed its position in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,995 shares of the textile maker’s stock after selling 8,575 shares during the period. Ameritas Investment Partners Inc.’s holdings in Gildan Activewear were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. OneDigital Investment Advisors LLC raised its position in Gildan Activewear by 10.6% during the third quarter. OneDigital Investment Advisors LLC now owns 6,642 shares of the textile maker’s stock worth $384,000 after acquiring an additional 635 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Gildan Activewear by 0.8% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 33,603 shares of the textile maker’s stock valued at $1,942,000 after buying an additional 281 shares during the period. Citigroup Inc. lifted its stake in Gildan Activewear by 327.1% during the 3rd quarter. Citigroup Inc. now owns 79,889 shares of the textile maker’s stock worth $4,616,000 after acquiring an additional 61,184 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Gildan Activewear by 41.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 213,620 shares of the textile maker’s stock valued at $12,338,000 after acquiring an additional 62,520 shares during the period. Finally, Syon Capital LLC increased its stake in Gildan Activewear by 30.0% during the third quarter. Syon Capital LLC now owns 8,066 shares of the textile maker’s stock worth $466,000 after purchasing an additional 1,861 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Trading Down 0.8%

NYSE:GIL opened at $71.42 on Thursday. Gildan Activewear, Inc. has a fifty-two week low of $37.16 and a fifty-two week high of $73.69. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88. The stock has a market cap of $13.22 billion, a PE ratio of 22.82 and a beta of 1.08. The stock’s 50-day moving average is $66.48 and its two-hundred day moving average is $60.55.

Analyst Ratings Changes

A number of analysts have weighed in on GIL shares. UBS Group reissued a “buy” rating and set a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $79.00 target price on shares of Gildan Activewear in a research report on Friday, February 20th. Barclays reaffirmed an “overweight” rating and set a $70.00 price objective (up from $64.00) on shares of Gildan Activewear in a report on Thursday, October 30th. BMO Capital Markets upped their price target on shares of Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Scotiabank restated an “outperform” rating on shares of Gildan Activewear in a report on Tuesday, February 3rd. Thirteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued 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.

About Gildan Activewear

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.