Shares of Gildan Activewear Inc. (NYSE:GIL – Get Free Report) (TSE:GIL) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $40.65.
Several research firms have recently weighed in on GIL. Scotiabank boosted their target price on Gildan Activewear from $39.50 to $40.50 and gave the company a “sector outperform” rating in a research report on Friday, February 9th. Citigroup boosted their target price on Gildan Activewear from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Edward Jones downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. CIBC boosted their target price on Gildan Activewear from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, TD Securities boosted their price objective on Gildan Activewear from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 22nd.
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Hedge Funds Weigh In On Gildan Activewear
Gildan Activewear Stock Performance
NYSE:GIL opened at $34.47 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.83. Gildan Activewear has a 1 year low of $26.98 and a 1 year high of $37.65. The stock’s 50 day simple moving average is $33.53 and its two-hundred day simple moving average is $32.15. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.28 and a beta of 1.37.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last released its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. The business had revenue of $782.70 million for the quarter, compared to the consensus estimate of $753.35 million. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Gildan Activewear will post 2.94 earnings per share for the current fiscal year.
Gildan Activewear Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Wednesday, March 13th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.19. Gildan Activewear’s dividend payout ratio (DPR) is currently 24.42%.
About Gildan Activewear
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.
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