Gildan Activewear Inc. (NYSE:GIL) Receives $52.61 Consensus Price Target from Analysts

Gildan Activewear Inc. (NYSE:GILGet Free Report) (TSE:GIL) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is $53.35.

A number of equities research analysts recently weighed in on the company. Citigroup raised their price target on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised shares of Gildan Activewear from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $60.00 in a report on Friday. TD Securities boosted their target price on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group increased their price target on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

View Our Latest Analysis on GIL

Institutional Investors Weigh In On Gildan Activewear

Several large investors have recently made changes to their positions in GIL. Riverview Trust Co acquired a new position in Gildan Activewear during the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its holdings in Gildan Activewear by 96.1% during the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after purchasing an additional 397 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Gildan Activewear in the second quarter valued at $51,000. CWM LLC increased its stake in Gildan Activewear by 23.0% in the 3rd quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after buying an additional 318 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its position in Gildan Activewear by 33.1% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 2,709 shares of the textile maker’s stock worth $103,000 after buying an additional 674 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Stock Down 0.7 %

Shares of GIL opened at $47.96 on Thursday. Gildan Activewear has a 12 month low of $30.68 and a 12 month high of $50.60. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.82 and a beta of 1.41. The company has a 50-day moving average price of $48.28 and a two-hundred day moving average price of $45.29. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81.

Gildan Activewear (NYSE:GILGet Free Report) (TSE:GIL) last announced its quarterly earnings results on Thursday, October 31st. The textile maker reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. The firm had revenue of $891.10 million during the quarter, compared to the consensus estimate of $882.85 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. Equities analysts predict that Gildan Activewear will post 2.97 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 32.41%.

Gildan Activewear Company Profile

(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.

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Analyst Recommendations for Gildan Activewear (NYSE:GIL)

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