Shares of Gildan Activewear Inc (NYSE:GIL) have been given an average recommendation of “Buy” by the twelve analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $39.19.
GIL has been the topic of several recent research reports. Credit Suisse upgraded shares of Gildan Activewear from a “neutral” rating to an “outperform” rating in a research note on Friday, October 16th. Zacks Investment Research cut shares of Gildan Activewear from a “hold” rating to a “sell” rating in a research note on Thursday, September 17th. Desjardins restated a “buy” rating and set a $44.00 target price (down previously from $46.50) on shares of Gildan Activewear in a research note on Saturday, November 14th. Brean Capital initiated coverage on shares of Gildan Activewear in a research note on Thursday, October 15th. They set a “hold” rating on the stock. Finally, RBC Capital decreased their target price on shares of Gildan Activewear from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, November 13th.
Gildan Activewear (NYSE:GIL) opened at 28.80 on Thursday. The firm has a 50-day moving average of $29.77 and a 200-day moving average of $31.01. The stock has a market cap of $7.00 billion and a PE ratio of 29.69. Gildan Activewear has a 1-year low of $26.30 and a 1-year high of $35.15.
Gildan Activewear (NYSE:GIL) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business earned $700 million during the quarter, compared to the consensus estimate of $702.80 million. Gildan Activewear’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.00 EPS. Analysts expect that Gildan Activewear will post $1.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 14th. Investors of record on Friday, November 27th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, November 24th.
An institutional investor recently raised its position in Gildan Activewear stock. Meag Munich Ergo Kapitalanlagegesellschaft raised its position in Gildan Activewear Inc (NYSE:GIL) by 22.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,000 shares of the company’s stock after buying an additional 21,000 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft’s holdings in Gildan Activewear were worth $3,410,000 as of its most recent SEC filing.
Gildan Activewear Inc. (NYSE:GIL) supplies branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands, including the Gildan, Gold Toe, Anvil brands and brand extensions, Secret, Silks, Therapy Plus and Kushyfoo, as well as under licensing arrangements for the Under Armour, Mossy Oak and New Balance brands. It operates in two segments, Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States, Canada, Europe, and the Asia-Pacific region.