Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.75.
A number of analysts have recently commented on the company. Raymond James restated a “strong-buy” rating and issued a $14.00 price objective on shares of Gildan Activewear in a research report on Thursday, May 2nd. Royal Bank of Canada boosted their price objective on Gildan Activewear from $34.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. TD Securities upped their price target on Gildan Activewear from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research downgraded Gildan Activewear from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
A number of institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in shares of Gildan Activewear by 25.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,502 shares of the textile maker’s stock valued at $562,000 after purchasing an additional 3,768 shares during the last quarter. Enlightenment Research LLC acquired a new stake in shares of Gildan Activewear during the fourth quarter worth $39,000. Comerica Bank raised its holdings in shares of Gildan Activewear by 4.8% during the fourth quarter. Comerica Bank now owns 13,140 shares of the textile maker’s stock worth $443,000 after acquiring an additional 607 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Gildan Activewear by 24.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 35,117 shares of the textile maker’s stock worth $1,066,000 after acquiring an additional 6,923 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in Gildan Activewear in the 4th quarter valued at $292,000. 68.95% of the stock is owned by institutional investors.
GIL stock traded down $0.61 during trading on Tuesday, reaching $38.30. 396,826 shares of the company traded hands, compared to its average volume of 513,225. Gildan Activewear has a 12 month low of $25.33 and a 12 month high of $39.55. The company’s 50 day moving average price is $37.48. The company has a market capitalization of $7.91 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.54 and a beta of 0.82. The company has a quick ratio of 1.74, a current ratio of 4.92 and a debt-to-equity ratio of 0.50.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Wednesday, May 1st. The textile maker reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $624.00 million during the quarter, compared to the consensus estimate of $600.17 million. Gildan Activewear had a return on equity of 18.24% and a net margin of 10.59%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Equities research analysts expect that Gildan Activewear will post 1.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were paid a $0.134 dividend. This represents a $0.54 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, May 15th. Gildan Activewear’s payout ratio is currently 29.03%.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
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