Gildan Activewear (NYSE:GIL) had its price objective cut by BMO Capital Markets from $54.00 to $53.00 in a research report released on Friday morning, AR Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities raised their price target on shares of Gildan Activewear from $54.00 to $55.00 in a research note to investors on Friday. They now have an action list buy rating on the stock. Separately, analysts at CIBC raised their price target on shares of Gildan Activewear from $51.00 to $53.00 in a research note to investors on Friday. Finally, analysts at Raymond James raised their price target on shares of Gildan Activewear to $55.00 in a research note to investors on Friday, November 15th. They now have an outperform rating on the stock. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $48.90.
Gildan Activewear (NYSE:GIL) traded down 0.33% during mid-day trading on Friday, hitting $48.25. The stock had a trading volume of 42,146 shares. Gildan Activewear has a one year low of $32.90 and a one year high of $50.44. The stock has a 50-day moving average of $47.70 and a 200-day moving average of $44.51. The company has a market cap of $5.876 billion and a price-to-earnings ratio of 18.99.
Gildan Activewear (NYSE:GIL) last released its earnings data on Thursday, November 21st. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.01. The company had revenue of $626.20 million for the quarter, compared to the consensus estimate of $604.71 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that Gildan Activewear will post $3.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, January 6th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.11 per share. This represents a $0.43 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 10th.
Gildan Activewear Inc (NYSE:GIL) is a marketer and vertically-integrated global manufacturer of basic, non-fashion apparel products for customers.
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