Q4 2017 EPS Estimates for Gildan Activewear Inc Boosted by Analyst (GIL)
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Investment analysts at Desjardins raised their Q4 2017 earnings per share (EPS) estimates for Gildan Activewear in a research note issued to investors on Friday. Desjardins analyst K. Howlett now forecasts that the company will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.42.
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GIL has been the topic of a number of other reports. TD Securities lowered Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price on the stock. in a research note on Friday. DA Davidson restated a “neutral” rating on shares of Gildan Activewear in a research note on Thursday, May 4th. BMO Capital Markets restated an “outperform” rating and issued a C$34.00 target price on shares of Gildan Activewear in a research note on Friday. Royal Bank Of Canada lowered Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a C$40.00 target price on the stock. in a research note on Wednesday, July 12th. Finally, National Bank Financial decreased their target price on Gildan Activewear from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Gildan Activewear currently has an average rating of “Hold” and an average price target of C$40.08.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 17th will be issued a $0.0935 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, August 15th.
In other news, Director Anthony Frank Corsano sold 32,347 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of C$28.48, for a total value of C$921,242.56. Also, Director Michael Hoffman sold 15,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of C$37.93, for a total value of C$568,950.00.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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