Analysts Set Gildan Activewear Inc. (NYSE:GIL) Target Price at $41.95

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $41.95.

Several research analysts have weighed in on GIL shares. CIBC upped their target price on Gildan Activewear from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus upped their target price on Gildan Activewear from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Gildan Activewear in a research report on Monday, April 8th. Citigroup upped their target price on Gildan Activewear from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Scotiabank increased their price objective on Gildan Activewear from $39.50 to $40.50 and gave the company a “sector outperform” rating in a report on Friday, February 9th.

Institutional Trading of Gildan Activewear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its holdings in Gildan Activewear by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 10,996,538 shares of the textile maker’s stock valued at $308,013,000 after buying an additional 168,601 shares during the last quarter. Cooke & Bieler LP grew its holdings in Gildan Activewear by 1.7% in the 4th quarter. Cooke & Bieler LP now owns 10,075,062 shares of the textile maker’s stock valued at $333,082,000 after buying an additional 169,476 shares during the last quarter. Browning West LP grew its holdings in Gildan Activewear by 30.0% in the 4th quarter. Browning West LP now owns 8,640,448 shares of the textile maker’s stock valued at $285,653,000 after buying an additional 1,994,900 shares during the last quarter. Vanguard Group Inc. grew its holdings in Gildan Activewear by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,401,045 shares of the textile maker’s stock valued at $179,293,000 after buying an additional 97,924 shares during the last quarter. Finally, Guardian Capital LP grew its holdings in Gildan Activewear by 3.2% in the 3rd quarter. Guardian Capital LP now owns 2,739,070 shares of the textile maker’s stock valued at $77,128,000 after buying an additional 84,744 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gildan Activewear Stock Up 1.8 %

Shares of Gildan Activewear stock opened at $33.22 on Friday. The stock has a 50-day moving average price of $35.40 and a 200 day moving average price of $34.10. The company has a market cap of $5.60 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.25 and a beta of 1.38. The company has a current ratio of 2.38, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48. Gildan Activewear has a 1 year low of $26.98 and a 1 year high of $38.87.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. Gildan Activewear had a return on equity of 24.00% and a net margin of 16.14%. The firm had revenue of $695.80 million during the quarter, compared to the consensus estimate of $692.94 million. During the same period in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts expect that Gildan Activewear will post 2.94 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Wednesday, May 22nd. Gildan Activewear’s dividend payout ratio (DPR) is currently 27.70%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.