Game Plan Financial Advisors LLC Has $2.80 Million Holdings in Gildan Activewear Inc. (NYSE:GIL)

Game Plan Financial Advisors LLC lessened its stake in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,681 shares of the textile maker’s stock after selling 2,225 shares during the quarter. Gildan Activewear comprises approximately 1.3% of Game Plan Financial Advisors LLC’s holdings, making the stock its 29th largest position. Game Plan Financial Advisors LLC’s holdings in Gildan Activewear were worth $2,797,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GIL. Riverview Trust Co bought a new stake in Gildan Activewear during the third quarter worth approximately $29,000. Blue Trust Inc. boosted its holdings 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 period. Fifth Third Bancorp boosted its holdings 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 buying an additional 333 shares during the period. Rhumbline Advisers grew its stake in Gildan Activewear by 561.9% in the 4th quarter. Rhumbline Advisers now owns 1,423 shares of the textile maker’s stock valued at $67,000 after buying an additional 1,208 shares during the last quarter. Finally, CWM LLC raised its holdings in Gildan Activewear by 23.0% in the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock worth $80,000 after acquiring an additional 318 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Price Performance

Shares of GIL stock opened at $50.95 on Friday. 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’s fifty day simple moving average is $49.10 and its 200 day simple moving average is $47.25. Gildan Activewear Inc. has a one year low of $32.23 and a one year high of $53.28. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 1.71 and a beta of 1.41.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GIL shares. BMO Capital Markets raised their target price on Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup raised their price target on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, CIBC upped their price objective on shares of Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $54.78.

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.