JPMorgan Chase & Co raises its shares in Gildan Activewear Inc

September 24, 2019 written by

According to JPMorgan Chase & Co’s recent filing with the Securities and Exchange Commission, the company has raised its number of shares by 72.5 per cent in Gildan Activewear Inc, during the second quarter. The company bought an additional 349,750 shares and now owns 832,244 shares of the clothing manufacturer’s stock. According to the recent SEC filing, JPMorgan now owns approximately 0.41 per cent of Gildan Activewear worth $31,999,000.

Other investors also modified their shares in the company such as Overbrook Management Corp increased its shares by 25.1 per cent in first quarter and now owns 725,104 shares of Gildan Activewear worth $26,082,000. MML Investors Services raised its number of shares by 5.3 per cent in the first quarter and now owns 19,242 shares of Gildan worth $692,000, followed by W. G. Shaheen & Associates DBA Whitney & Co owning upto 186,484 shares worth $6,876,000.

British Columbia Investment Management Corp purchased a new position in shares of Gildan worth $12,376,000 in the first quarter and finally Raymond James & Associates raised its shares by 21.1 per cent and now owns 110,194 shares of Gildan Activewear worth $3,966,000, during the final quarter.

Gildan Activewear reported $0.57 earnings per share for the quarter with a net margin of 10.14 per cent and a return on equity of 18.48 per cent. During the quarter, the company witnessed a revenue of $801.60 million. Equities research analysts predict that Gildan Activewear will post 1.98 earnings per share for the current fiscal year.

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