Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL)‘s stock had its “hold” rating reissued by equities research analysts at Brean Capital in a note issued to investors on Wednesday.

Several other equities research analysts have also recently issued reports on GIL. BMO Capital Markets restated an “outperform” rating and set a $31.00 price objective (up from $30.00) on shares of Gildan Activewear in a research report on Wednesday, December 7th. Credit Suisse Group set a $43.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, November 11th. RBC Capital Markets restated an “outperform” rating and set a $43.00 price objective (down from $45.50) on shares of Gildan Activewear in a research report on Sunday, November 6th. TD Securities restated a “buy” rating and set a $32.00 price objective (down from $33.00) on shares of Gildan Activewear in a research report on Sunday, November 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price target (up from $32.00) on shares of Gildan Activewear in a research report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $35.71.

Analyst Recommendations for Gildan Activewear (NYSE:GIL)

Gildan Activewear (NYSE:GIL) traded down 2.50% during midday trading on Wednesday, hitting $25.00. 749,830 shares of the stock were exchanged. The firm’s 50 day moving average price is $26.71 and its 200 day moving average price is $27.99. The company has a market cap of $5.80 billion, a PE ratio of 17.56 and a beta of 1.20. Gildan Activewear has a 12 month low of $22.43 and a 12 month high of $32.20.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/01/11/gildan-activewear-inc-gil-earns-hold-rating-from-brean-capital.html

Gildan Activewear (NYSE:GIL) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Gildan Activewear had a return on equity of 16.67% and a net margin of 13.38%. The firm had revenue of $715 million for the quarter, compared to analyst estimates of $723.97 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. Gildan Activewear’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Gildan Activewear will post $1.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Friday, November 18th were paid a $0.078 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $0.31 dividend on an annualized basis and a yield of 1.22%. Gildan Activewear’s dividend payout ratio is currently 21.68%.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/01/11/gildan-activewear-inc-gil-earns-hold-rating-from-brean-capital.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Gildan Activewear by 51.3% in the second quarter. Vanguard Group Inc. now owns 5,970,012 shares of the company’s stock worth $175,100,000 after buying an additional 2,022,986 shares during the last quarter. Guardian Capital LP boosted its stake in Gildan Activewear by 9.1% in the second quarter. Guardian Capital LP now owns 5,925,111 shares of the company’s stock worth $172,347,000 after buying an additional 493,020 shares during the last quarter. USS Investment Management Ltd boosted its stake in Gildan Activewear by 52.9% in the third quarter. USS Investment Management Ltd now owns 4,008,498 shares of the company’s stock worth $112,112,000 after buying an additional 1,386,358 shares during the last quarter. Cooke & Bieler LP boosted its stake in Gildan Activewear by 0.3% in the third quarter. Cooke & Bieler LP now owns 3,943,210 shares of the company’s stock worth $110,212,000 after buying an additional 13,039 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Gildan Activewear by 1.3% in the third quarter. TD Asset Management Inc. now owns 3,513,472 shares of the company’s stock worth $97,952,000 after buying an additional 44,024 shares during the last quarter. Institutional investors own 72.53% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.

5 Day Chart for NYSE:GIL

Receive News & Ratings for Gildan Activewear Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc. and related companies with MarketBeat.com's FREE daily email newsletter.