Entropy Technologies LP Takes Position in Gildan Activewear Inc. (NYSE:GIL)

Entropy Technologies LP acquired a new position in shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,975 shares of the textile maker’s stock, valued at approximately $987,000.

A number of other institutional investors have also modified their holdings of GIL. Janus Henderson Group PLC increased its position in shares of Gildan Activewear by 3.6% during the third quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker’s stock worth $322,298,000 after acquiring an additional 240,375 shares during the period. Simcoe Capital Management LLC lifted its position in Gildan Activewear by 10.5% in the third quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker’s stock valued at $112,492,000 after acquiring an additional 226,695 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Gildan Activewear by 2.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,618,420 shares of the textile maker’s stock worth $76,244,000 after buying an additional 44,725 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of Gildan Activewear by 12.0% during the third quarter. Intact Investment Management Inc. now owns 987,250 shares of the textile maker’s stock worth $46,473,000 after acquiring an additional 106,150 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Gildan Activewear by 7.0% in the third quarter. Geode Capital Management LLC now owns 637,407 shares of the textile maker’s stock valued at $29,708,000 after purchasing an additional 41,735 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Stock Performance

GIL opened at $50.67 on Tuesday. The business has a fifty day simple moving average of $48.96 and a 200-day simple moving average of $46.92. The firm has a market cap of $7.73 billion, a PE ratio of 20.03, a P/E/G ratio of 1.71 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. Gildan Activewear Inc. has a fifty-two week low of $32.23 and a fifty-two week high of $53.28.

Analyst Upgrades and Downgrades

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

Gildan Activewear 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.