Vaughan Nelson Investment Management L.P. Sells 254,695 Shares of Gildan Activewear Inc. (NYSE:GIL)

Vaughan Nelson Investment Management L.P. cut its holdings in shares of Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,363,725 shares of the textile maker's stock after selling 254,695 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.89% of Gildan Activewear worth $64,164,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of Gildan Activewear during the third quarter worth $29,000. Blue Trust Inc. grew its position 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 buying an additional 397 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of 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. CWM LLC increased 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 buying an additional 318 shares during the period. Finally, R Squared Ltd acquired a new stake in Gildan Activewear during the 4th quarter valued at approximately $165,000. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock traded down $0.29 during mid-day trading on Wednesday, hitting $50.49. 405,200 shares of the stock were exchanged, compared to its average volume of 497,486. The company has a market capitalization of $7.70 billion, a P/E ratio of 19.96, a P/E/G 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. The company has a 50-day simple moving average of $48.99 and a 200 day simple moving average of $47.07. Gildan Activewear Inc. has a 12 month low of $32.23 and a 12 month high of $53.28.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GIL shares. UBS Group raised shares of Gildan Activewear from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $50.00 to $60.00 in a research note on Friday, January 10th. Citigroup lifted their target price on Gildan Activewear from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Canaccord Genuity Group increased their price target on Gildan Activewear from $52.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, November 1st. TD Securities lifted their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, CIBC increased their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an "outperform" 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.com, the company has a consensus rating of "Buy" and an average target price of $54.78.

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.