Shares of Gildan Activewear Inc. (NYSE:GIL - Get Free Report) TSE: GIL have been given an average recommendation of "Moderate Buy" by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $41.95.
A number of equities analysts have commented on the stock. CIBC boosted their target price on shares of Gildan Activewear from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Canaccord Genuity Group upped their price objective on shares of Gildan Activewear from $42.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Royal Bank of Canada restated an "outperform" rating and set a $41.00 price objective on shares of Gildan Activewear in a report on Monday, April 8th. Citigroup upped their target price on Gildan Activewear from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group upped their target price on Gildan Activewear from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd.
Get Our Latest Research Report on GIL
Gildan Activewear Stock Down 2.9 %
Shares of GIL stock traded down $1.07 on Wednesday, hitting $36.12. The stock had a trading volume of 986,761 shares, compared to its average volume of 857,373. The company has a quick ratio of 0.92, a current ratio of 2.38 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $35.65 and a 200 day moving average price of $34.61. The company has a market cap of $6.09 billion, a PE ratio of 12.14, a P/E/G ratio of 1.42 and a beta of 1.38. Gildan Activewear has a one year low of $26.98 and a one year high of $38.87.
Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. The firm had revenue of $695.80 million during the quarter, compared to the consensus estimate of $692.94 million. Gildan Activewear had a return on equity of 24.00% and a net margin of 16.14%. The firm's quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Research analysts anticipate that Gildan Activewear will post 2.94 earnings per share for the current fiscal year.
Gildan Activewear Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.27%. Gildan Activewear's dividend payout ratio (DPR) is 27.70%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in shares of Gildan Activewear by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 10,996,538 shares of the textile maker's stock worth $308,013,000 after acquiring an additional 168,601 shares during the last quarter. Cooke & Bieler LP grew its holdings in shares of Gildan Activewear by 1.7% during the 4th quarter. Cooke & Bieler LP now owns 10,075,062 shares of the textile maker's stock worth $333,082,000 after purchasing an additional 169,476 shares during the period. Browning West LP grew its holdings in shares of Gildan Activewear by 30.0% during the 4th quarter. Browning West LP now owns 8,640,448 shares of the textile maker's stock worth $285,653,000 after purchasing an additional 1,994,900 shares during the period. Vanguard Group Inc. grew its holdings in shares of Gildan Activewear by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,401,045 shares of the textile maker's stock worth $179,293,000 after purchasing an additional 97,924 shares during the period. Finally, Guardian Capital LP grew its holdings in shares of Gildan Activewear by 3.2% during the 3rd quarter. Guardian Capital LP now owns 2,739,070 shares of the textile maker's stock worth $77,128,000 after purchasing an additional 84,744 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.
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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