Keel Point Lowers stake in Gildan Activewear Inc (USA) (GIL)

Gildan Activewear Inc (USA) (GIL) : Keel Point reduced its stake in Gildan Activewear Inc (USA) by 12.67% during the most recent quarter end. The investment management company now holds a total of 43,045 shares of Gildan Activewear Inc (USA) which is valued at $1.3 Million after selling 6,244 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Gildan Activewear Inc (USA) makes up approximately 0.64% of Keel Point’s portfolio.

Other Hedge Funds, Including , Vaughan Nelson Investment Management reduced its stake in GIL by selling 930,875 shares or 44.06% in the most recent quarter. The Hedge Fund company now holds 1,182,000 shares of GIL which is valued at $34.7 Million. Gildan Activewear Inc (USA) makes up approx 0.44% of Vaughan Nelson Investment Management’s portfolio.Raymond James Associates boosted its stake in GIL in the latest quarter, The investment management firm added 1,804 additional shares and now holds a total of 35,194 shares of Gildan Activewear Inc (USA) which is valued at $1 Million.Amf Pensionsforsakring Ab boosted its stake in GIL in the latest quarter, The investment management firm added 21,325 additional shares and now holds a total of 234,628 shares of Gildan Activewear Inc (USA) which is valued at $6.9 Million. Gildan Activewear Inc (USA) makes up approx 0.09% of Amf Pensionsforsakring Ab’s portfolio. American Century Companies Inc added GIL to its portfolio by purchasing 267,106 company shares during the most recent quarter which is valued at $8.1 Million. Gildan Activewear Inc (USA) makes up approx 0.01% of American Century Companies Inc’s portfolio. Capital Fund Management S.a. sold out all of its stake in GIL during the most recent quarter. The investment firm sold 8,890 shares of GIL which is valued $268,122.

Gildan Activewear Inc (USA) opened for trading at $29.4 and hit $29.9 on the upside on Wednesday, eventually ending the session at $29.62, with a gain of 0.92% or 0.27 points. The heightened volatility saw the trading volume jump to 2,95,667 shares. Company has a market cap of $6,983 M.

On the company’s financial health, Gildan Activewear Inc (USA) reported $0.28 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $593.30 million for the quarter, compared to analysts expectations of $619.72 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Gildan Activewear Inc (USA). Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .

Gildan Activewear Inc. (Gildan) supplies branded basic family apparel including T-shirts fleece sport shirts underwear socks hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands including the Gildan Gold Toe Anvil brands and brand extensions Secret Silks Therapy Plus and Kushyfoo as well as under licensing arrangements for the Under Armour Mossy Oak and New Balance brands. It operates in two segments Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States Canada Europe and the Asia-Pacific region.

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