Gildan Activewear Inc. (NYSE:GIL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Gildan Activewear Inc. (NYSE:GILGet Free Report) (TSE:GIL) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $44.77.

A number of equities research analysts have issued reports on GIL shares. BMO Capital Markets boosted their price target on Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their target price on shares of Gildan Activewear from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus upped their target price on shares of Gildan Activewear from $51.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 3rd.

Read Our Latest Research Report on GIL

Institutional Trading of Gildan Activewear

Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis purchased a new stake in shares of Gildan Activewear in the first quarter worth $51,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Gildan Activewear in the second quarter worth $51,000. Tobam purchased a new stake in shares of Gildan Activewear in the second quarter worth $53,000. EverSource Wealth Advisors LLC increased its stake in shares of Gildan Activewear by 16.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the textile maker’s stock worth $66,000 after purchasing an additional 274 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in shares of Gildan Activewear by 69.2% in the first quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the textile maker’s stock worth $82,000 after purchasing an additional 900 shares in the last quarter. 82.83% of the stock is owned by hedge funds and other institutional investors.

Gildan Activewear Trading Down 0.5 %

Shares of NYSE:GIL opened at $46.75 on Tuesday. The company has a market cap of $7.75 billion, a P/E ratio of 15.79, a PEG ratio of 1.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 0.97. Gildan Activewear has a 1 year low of $27.24 and a 1 year high of $47.75. The stock’s fifty day moving average price is $44.07 and its 200-day moving average price is $39.44.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last announced its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The firm had revenue of $862.20 million for the quarter, compared to the consensus estimate of $851.10 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that Gildan Activewear will post 2.92 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd were paid a $0.205 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.75%. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.70%.

About Gildan Activewear

(Get Free Report

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.

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Analyst Recommendations for Gildan Activewear (NYSE:GIL)

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