Choreo LLC Acquires Shares of 21,283 Gildan Activewear Inc. (NYSE:GIL)

Choreo LLC bought a new stake in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL during the 4th quarter, according to its most recent filing with the SEC. The firm bought 21,283 shares of the textile maker's stock, valued at approximately $987,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIL. Riverview Trust Co acquired a new stake in Gildan Activewear during the 3rd quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 397 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Gildan Activewear by 61.8% during the 4th 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. CWM LLC lifted its stake in Gildan Activewear by 23.0% during the third quarter. CWM LLC now owns 1,698 shares of the textile maker's stock worth $80,000 after purchasing an additional 318 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Gildan Activewear during the fourth quarter valued at $165,000. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Price Performance

NYSE GIL traded up $0.55 on Thursday, reaching $51.05. The company's stock had a trading volume of 283,248 shares, compared to its average volume of 490,098. The firm's 50 day moving average is $49.01 and its two-hundred day moving average is $47.10. The stock has a market cap of $7.79 billion, a PE ratio of 20.18, a PEG ratio of 1.71 and a beta of 1.41. 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 Inc. has a twelve month low of $32.23 and a twelve month high of $53.28.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Gildan Activewear from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $50.00 to $60.00 in a research note on Friday, January 10th. Canaccord Genuity Group upped their price target on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Citigroup raised their price target on shares of Gildan Activewear from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, November 1st. CIBC raised their target price on Gildan Activewear from $48.00 to $56.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus increased their price target on Gildan Activewear from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price 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.