Vaughan Nelson Investment Management L.P. Sells 254,695 Shares of Gildan Activewear Inc. (NYSE:GIL)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,725 shares of the textile maker’s stock after selling 254,695 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Gildan Activewear were worth $64,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fortis Group Advisors LLC lifted its stake in Gildan Activewear by 3.9% in the third quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock valued at $311,000 after buying an additional 246 shares in the last quarter. CWM LLC lifted its position in Gildan Activewear by 23.0% in the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after acquiring an additional 318 shares in the last quarter. Fifth Third Bancorp boosted its stake in Gildan Activewear by 61.8% in the 4th quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock worth $41,000 after purchasing an additional 333 shares during the period. Cooper Financial Group increased its holdings in Gildan Activewear by 2.1% during the 4th quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock worth $765,000 after purchasing an additional 340 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 397 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on GIL. Stifel Nicolaus upped their price objective on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Securities raised their price target on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Citigroup boosted their price objective 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. UBS Group raised shares of Gildan Activewear from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $60.00 in a research report on Friday, January 10th. Finally, BMO Capital Markets boosted 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. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gildan Activewear presently has a consensus rating of “Buy” and an average price target of $53.35.

Gildan Activewear Stock Down 1.5 %

Gildan Activewear stock opened at $51.16 on Friday. Gildan Activewear Inc. has a fifty-two week low of $32.23 and a fifty-two week high of $53.28. The firm has a market capitalization of $7.80 billion, a PE ratio of 20.22, a P/E/G ratio of 1.71 and a beta of 1.41. The company’s 50-day moving average is $48.96 and its 200-day moving average is $46.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98.

Gildan Activewear Company Profile

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.