Savant Capital LLC Sells 4,325 Shares of Gildan Activewear Inc. (NYSE:GIL)

Savant Capital LLC lessened its stake in Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,540 shares of the textile maker’s stock after selling 4,325 shares during the period. Savant Capital LLC’s holdings in Gildan Activewear were worth $355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fortis Group Advisors LLC raised its position in Gildan Activewear by 3.9% during the third quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock worth $311,000 after acquiring an additional 246 shares during the period. CWM LLC boosted its stake in shares of Gildan Activewear by 23.0% in the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 318 shares during the period. Fifth Third Bancorp raised its holdings in Gildan Activewear by 61.8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 333 shares in the last quarter. Cooper Financial Group raised its holdings in Gildan Activewear by 2.1% in the fourth quarter. Cooper Financial Group now owns 16,268 shares of the textile maker’s stock valued at $765,000 after acquiring an additional 340 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Gildan Activewear by 96.1% during the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after purchasing an additional 397 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 equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Securities boosted their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. CIBC boosted their target price on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets increased 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. Finally, Canaccord Genuity Group raised their price target on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $54.78.

Gildan Activewear Stock Performance

NYSE GIL opened at $50.95 on Tuesday. Gildan Activewear Inc. has a 52-week low of $32.23 and a 52-week high of $53.28. The stock has a market cap of $7.77 billion, a PE ratio of 20.14, a P/E/G ratio of 1.71 and a beta of 1.41. The firm has a 50-day moving average of $49.10 and a 200-day moving average of $47.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 2.31.

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.