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 1.98% during the most recent quarter end. The investment management company now holds a total of 42,193 shares of Gildan Activewear Inc (USA) which is valued at $1,313,046 after selling 852 shares in Gildan Activewear Inc (USA) , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Gildan Activewear Inc (USA) makes up approximately 0.55% of Keel Point’s portfolio.

Other Hedge Funds, Including , Creative Planning added GIL to its portfolio by purchasing 115 company shares during the most recent quarter which is valued at $3,579. Daiwa Sb Investments Ltd. added GIL to its portfolio by purchasing 31,840 company shares during the most recent quarter which is valued at $955,200. Gildan Activewear Inc (USA) makes up approx 0.27% of Daiwa Sb Investments Ltd.’s portfolio. Bnp Paribas Arbitrage Sa sold out all of its stake in GIL during the most recent quarter. The investment firm sold 338,844 shares of GIL which is valued $10,165,320. New England Research Management added GIL to its portfolio by purchasing 9,700 company shares during the most recent quarter which is valued at $285,665. Gildan Activewear Inc (USA) makes up approx 0.25% of New England Research Management’s portfolio.

Gildan Activewear Inc (USA) closed down -0.09 points or -0.28% at $31.53 with 1,97,041 shares getting traded on Friday. Post opening the session at $31.68, the shares hit an intraday low of $31.5 and an intraday high of $31.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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