Gildan Activewear Inc. (NYSE:GIL – Get Free Report) (TSE:GIL) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $41.95.
A number of brokerages have weighed in on GIL. Canaccord Genuity Group increased their price target on Gildan Activewear from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. TD Securities lifted their target price on Gildan Activewear from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Canaccord Genuity Group increased their price target on Gildan Activewear from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Gildan Activewear in a research report on Monday, April 8th.
Institutional Trading of Gildan Activewear
Gildan Activewear Price Performance
Shares of GIL opened at $37.91 on Friday. The business has a 50-day moving average of $36.20 and a 200-day moving average of $34.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 0.92. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.43. Gildan Activewear has a 1 year low of $26.99 and a 1 year high of $39.07.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last released its earnings results on Wednesday, May 1st. The textile maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Gildan Activewear had a net margin of 16.14% and a return on equity of 24.00%. The business had revenue of $695.80 million during the quarter, compared to the consensus estimate of $692.94 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Gildan Activewear will post 2.92 earnings per share for the current year.
Gildan Activewear Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.205 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.82 dividend on an annualized basis and a yield of 2.16%. 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.
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