Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – National Bank Financial reduced their Q1 2018 earnings per share estimates for Gildan Activewear in a research note issued on Sunday. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.54. National Bank Financial currently has a “Sector Perform” rating and a $44.00 price target on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q2 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $2.37 EPS.
GIL has been the topic of a number of other research reports. Stifel Nicolaus increased their price objective on Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th. BMO Capital Markets dropped their price objective on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$39.50.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.65 by C$0.02. Gildan Activewear had a return on equity of 22.37% and a net margin of 16.21%.
In related news, Director Michael Hoffman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total value of C$1,152,300.00. Also, insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total value of C$114,750.00. Over the last three months, insiders sold 99,136 shares of company stock valued at $3,813,615.
About Gildan Activewear
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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