Caprock Group LLC Makes New Investment in Gildan Activewear, Inc. $GIL

Caprock Group LLC acquired a new position in shares of Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,044 shares of the textile maker’s stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. JCIC Asset Management Inc. acquired a new stake in shares of Gildan Activewear during the 3rd quarter worth $6,920,000. Northwest & Ethical Investments L.P. increased its stake in Gildan Activewear by 11.8% during the second quarter. Northwest & Ethical Investments L.P. now owns 92,792 shares of the textile maker’s stock worth $4,561,000 after acquiring an additional 9,774 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Gildan Activewear by 9.2% during the third quarter. Envestnet Asset Management Inc. now owns 464,925 shares of the textile maker’s stock worth $26,873,000 after acquiring an additional 39,072 shares during the last quarter. Oakcliff Capital Partners LP raised its holdings in shares of Gildan Activewear by 11.4% in the 2nd quarter. Oakcliff Capital Partners LP now owns 681,689 shares of the textile maker’s stock worth $33,566,000 after purchasing an additional 70,000 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Gildan Activewear by 4.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,207 shares of the textile maker’s stock valued at $552,000 after purchasing an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GIL. BMO Capital Markets increased their target price on shares of Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. National Bank Financial boosted their price objective on shares of Gildan Activewear from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Gildan Activewear in a research note on Monday, December 29th. TD Securities reaffirmed a “buy” rating and set a $77.00 price target on shares of Gildan Activewear in a research report on Tuesday, January 27th. Finally, UBS Group reissued a “buy” rating and issued a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.54.

Gildan Activewear Trading Up 0.5%

NYSE:GIL opened at $72.56 on Tuesday. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 23.18 and a beta of 1.08. Gildan Activewear, Inc. has a one year low of $37.16 and a one year high of $73.70. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.88 and a current ratio of 2.01. The business’s 50-day simple moving average is $64.91 and its 200 day simple moving average is $59.64.

Gildan Activewear Company 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.