8,540 Shares in Gildan Activewear Inc. (NYSE:GIL) Purchased by Caprock Group LLC

Caprock Group LLC purchased a new position in Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,540 shares of the textile maker's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIL. Forsta AP Fonden bought a new stake in Gildan Activewear in the fourth quarter valued at $1,613,000. R Squared Ltd bought a new position in Gildan Activewear in the fourth quarter valued at about $165,000. Blue Trust Inc. lifted its stake in Gildan Activewear by 80.1% in the fourth quarter. Blue Trust Inc. now owns 1,459 shares of the textile maker's stock valued at $69,000 after buying an additional 649 shares during the period. Fifth Third Bancorp lifted its stake 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 buying an additional 333 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Gildan Activewear by 12.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,435 shares of the textile maker's stock worth $538,000 after purchasing an additional 1,226 shares during the period. 82.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on GIL shares. TD Securities lifted their target price on Gildan Activewear from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Canaccord Genuity Group lifted their target price on Gildan Activewear from $52.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. CIBC lifted their price target on Gildan Activewear from $48.00 to $56.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus boosted 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. Finally, Citigroup boosted their price objective on Gildan Activewear from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gildan Activewear presently has a consensus rating of "Buy" and an average target price of $53.35.

Gildan Activewear Trading Down 1.5 %

Gildan Activewear stock traded down $0.77 during mid-day trading on Friday, hitting $51.16. 570,739 shares of the stock were exchanged, compared to its average volume of 500,609. 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 12 month low of $32.23 and a 12 month high of $53.28. The firm's fifty day simple moving average is $48.96 and its two-hundred day simple moving average is $46.86. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.71 and a beta of 1.41.

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.