Gildan Activewear (NYSE:GIL).
Agf Investments Inc. says it sold 116,435 shares last quarter decreasing its stake in Gildan Activewear (GIL) by 21.4%. Its stake was valued at $13,344,000 a decrease of 20.1% as of quarter end.
Several firms have updated their holdings. As of the end of the quarter Great Lakes Advisors, LLC had disposed of a total of 13,243 shares trimming its position 3.4%. The value of the investment in (GIL) decreased from $11,967,000 to $11,767,000 decreasing 1.7% quarter to quarter. As of quarter end Raymond James & Associates had bought 33,060 shares growing its holdings by 33.6%. The value of the investment in GIL went from $3,027,000 to $4,113,000 a change of 35.9% quarter over quarter.
As of the end of the quarter Greenleaf Trust had acquired 4,245 shares growing its stake by 59.5%. The value of the total investment in Gildan Activewear went from $219,000 to $356,000 a change of $137,000 for the reporting period.
On November 7, 2017 Royal Bank Of Canada kept a “Hold” rating on the company.
Equity analyst Macquarie released guidance on GIL with a rating of “Neutral”. On October 20 BMO Capital Markets left the company rating at “Buy” projecting a price of $34.00.
In the market the company is trading down from yesterday’s close of 30. The company currently has a P/E ratio of 17.81 and the market cap is 6.56B. As of the latest earnings report the EPS was $1.68 with 219.41M shares now outstanding.
Traders are feeling more bullish on shares of the company lately if you take into consideration the downtick in short interest. The firm had a fall in short interest of -0.08% as of October 31, 2017 from the last reporting period. Short interest fell 6,477 over that period. The days to cover increased to 28.0 and the percentage of shorted shares is 0.04% as of October 31.