12,044 Shares in Gildan Activewear, Inc. $GIL Purchased by Caprock Group LLC

Caprock Group LLC acquired a new stake in Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 12,044 shares of the textile maker’s stock, valued at approximately $661,000.

Other large investors also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its holdings in shares of Gildan Activewear by 1.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 62,329 shares of the textile maker’s stock valued at $3,603,000 after acquiring an additional 839 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Gildan Activewear by 53.0% in the third quarter. Smartleaf Asset Management LLC now owns 849 shares of the textile maker’s stock worth $49,000 after purchasing an additional 294 shares during the period. 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 valued at $26,873,000 after purchasing an additional 39,072 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Gildan Activewear by 8.7% during the third quarter. Bridges Investment Management Inc. now owns 38,065 shares of the textile maker’s stock worth $2,200,000 after purchasing an additional 3,060 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Gildan Activewear by 25.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,391 shares of the textile maker’s stock worth $1,522,000 after buying an additional 5,303 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GIL shares. Zacks Research downgraded shares of Gildan Activewear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. BMO Capital Markets lifted their target price on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Royal Bank Of Canada increased their price target on Gildan Activewear from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. UBS Group reissued a “buy” rating and issued a $110.00 price target (up previously from $80.00) on shares of Gildan Activewear in a report on Tuesday, December 16th. Finally, Scotiabank restated an “outperform” rating on shares of Gildan Activewear in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Gildan Activewear presently has a consensus rating of “Moderate Buy” and an average target price of $77.54.

Gildan Activewear Stock Performance

GIL stock opened at $72.56 on Tuesday. The company has a 50-day simple moving average of $64.91 and a 200 day simple moving average of $59.64. The company has a market capitalization of $13.44 billion, a P/E ratio of 23.18 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. Gildan Activewear, Inc. has a fifty-two week low of $37.16 and a fifty-two week high of $73.70.

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.