Pembroke Management Ltd buys $40,336,889 stake in Gildan Activewear Inc (USA) (GIL)

Gildan Activewear Inc (USA) (GIL) : Pembroke Management Ltd scooped up 66,300 additional shares in Gildan Activewear Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,337,430 shares of Gildan Activewear Inc (USA) which is valued at $40,336,889.Gildan Activewear Inc (USA) makes up approximately 3.82% of Pembroke Management Ltd’s portfolio.

Other Hedge Funds, Including , Ifp Advisors Inc reduced its stake in GIL by selling 41 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 1,428 shares of GIL which is valued at $43,068.Russell Frank Co reduced its stake in GIL by selling 30,048 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 536,624 shares of GIL which is valued at $16,667,541. Gildan Activewear Inc (USA) makes up approx 0.03% of Russell Frank Co’s portfolio.Glenmede Trust Co Na reduced its stake in GIL by selling 318 shares or 17.03% in the most recent quarter. The Hedge Fund company now holds 1,549 shares of GIL which is valued at $48,112.

Gildan Activewear Inc (USA) opened for trading at $29.99 and hit $30.63 on the upside on Tuesday, eventually ending the session at $30.58, with a gain of 2.24% or 0.67 points. The heightened volatility saw the trading volume jump to 8,82,249 shares. Company has a market cap of $7,210 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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