20,975 Shares in Gildan Activewear Inc. (NYSE:GIL) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,975 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 the stock. Lord Abbett & CO. LLC acquired a new position in shares of Gildan Activewear in the 3rd quarter valued at approximately $24,262,000. Janus Henderson Group PLC raised its position in shares of Gildan Activewear by 3.6% in the 3rd quarter. Janus Henderson Group PLC now owns 6,841,572 shares of the textile maker's stock valued at $322,298,000 after purchasing an additional 240,375 shares in the last quarter. Simcoe Capital Management LLC raised its position in shares of Gildan Activewear by 10.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 2,387,865 shares of the textile maker's stock valued at $112,492,000 after purchasing an additional 226,695 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Gildan Activewear by 59.0% in the 3rd quarter. Natixis Advisors LLC now owns 523,035 shares of the textile maker's stock valued at $24,640,000 after purchasing an additional 194,128 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Gildan Activewear by 7,709.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 125,181 shares of the textile maker's stock valued at $5,899,000 after purchasing an additional 123,578 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GIL has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on Gildan Activewear from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st. CIBC upped 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. BMO Capital Markets upped their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Canaccord Genuity Group upped their price target on Gildan Activewear from $52.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, UBS Group raised Gildan Activewear from a "neutral" rating to a "buy" rating and upped their price target for the company from $50.00 to $60.00 in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $54.78.

Gildan Activewear Stock Performance

GIL traded down $0.11 during trading on Friday, reaching $50.95. 445,180 shares of the company were exchanged, compared to its average volume of 488,599. The stock has a market cap of $7.77 billion, a P/E ratio of 20.14, a PEG ratio of 1.71 and a beta of 1.41. The firm has a 50 day moving average of $49.05 and a 200 day moving average of $47.13. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. Gildan Activewear Inc. has a 52 week low of $32.23 and a 52 week high of $53.28.

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.