Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) has been given an average recommendation of “Hold” by the twelve research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $34.60.
Several analysts recently issued reports on GIL shares. Zacks Investment Research raised shares of Gildan Activewear from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. ValuEngine downgraded shares of Gildan Activewear from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Bank of America downgraded shares of Gildan Activewear from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $34.00 to $26.00 in a report on Tuesday, July 24th. Desjardins downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada upped their price objective on shares of Gildan Activewear from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Friday, August 3rd.
GIL stock traded down $0.23 during trading hours on Friday, hitting $30.04. The company’s stock had a trading volume of 522,390 shares, compared to its average volume of 434,542. The company has a quick ratio of 1.76, a current ratio of 5.06 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.36 and a beta of 0.81. Gildan Activewear has a 12 month low of $25.33 and a 12 month high of $34.19.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, August 2nd. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $764.20 million during the quarter, compared to the consensus estimate of $728.72 million. Gildan Activewear had a net margin of 12.51% and a return on equity of 18.53%. Gildan Activewear’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. research analysts expect that Gildan Activewear will post 1.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Thursday, August 16th were paid a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, August 15th. Gildan Activewear’s dividend payout ratio is 26.16%.
Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. acquired a new stake in shares of Gildan Activewear during the 1st quarter worth about $2,618,000. Aperio Group LLC increased its position in shares of Gildan Activewear by 19.2% during the 1st quarter. Aperio Group LLC now owns 178,446 shares of the textile maker’s stock worth $5,155,000 after purchasing an additional 28,728 shares in the last quarter. Korea Investment CORP increased its position in shares of Gildan Activewear by 21.4% during the 1st quarter. Korea Investment CORP now owns 154,613 shares of the textile maker’s stock worth $4,462,000 after purchasing an additional 27,263 shares in the last quarter. Northern Trust Corp increased its position in shares of Gildan Activewear by 2.1% during the 1st quarter. Northern Trust Corp now owns 580,132 shares of the textile maker’s stock worth $16,761,000 after purchasing an additional 11,980 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Gildan Activewear by 44.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 42,889 shares of the textile maker’s stock worth $1,239,000 after purchasing an additional 13,272 shares in the last quarter. Institutional investors own 71.63% of the company’s stock.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
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