Gildan Activewear Inc. (NYSE:GIL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Gildan Activewear Inc. (NYSE:GILGet 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.

Get Our Latest Report on Gildan Activewear

Hedge Funds Weigh In On Gildan Activewear

Several hedge funds have recently modified their holdings of GIL. Natixis Advisors L.P. raised its position in Gildan Activewear by 2.5% during the 3rd quarter. Natixis Advisors L.P. now owns 13,204 shares of the textile maker’s stock worth $370,000 after buying an additional 324 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Gildan Activewear by 1.5% in the third quarter. Avior Wealth Management LLC now owns 27,704 shares of the textile maker’s stock valued at $776,000 after purchasing an additional 400 shares during the last quarter. Alliancebernstein L.P. grew its position in Gildan Activewear by 2.5% during the 2nd quarter. Alliancebernstein L.P. now owns 18,148 shares of the textile maker’s stock worth $585,000 after purchasing an additional 435 shares during the period. CWM LLC raised its stake in shares of Gildan Activewear by 86.5% during the 4th quarter. CWM LLC now owns 1,074 shares of the textile maker’s stock valued at $35,000 after buying an additional 498 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Gildan Activewear by 2.2% in the 2nd quarter. Sei Investments Co. now owns 29,049 shares of the textile maker’s stock valued at $937,000 after buying an additional 637 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

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:GILGet 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

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Gildan Activewear (NYSE:GIL)

Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.