Gildan Activewear Inc. (NYSE:GIL – Get Free Report) (TSE:GIL) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $41.95.
GIL has been the topic of a number of analyst reports. Canaccord Genuity Group increased their price target on shares of Gildan Activewear from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price target on shares of Gildan Activewear in a research report on Monday, April 8th. TD Securities increased their price target on shares of Gildan Activewear from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Canaccord Genuity Group raised their target price on shares of Gildan Activewear from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd.
Check Out Our Latest Research Report on GIL
Hedge Funds Weigh In On Gildan Activewear
Gildan Activewear Stock Performance
Gildan Activewear stock opened at $37.92 on Friday. The company has a current ratio of 2.38, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48. Gildan Activewear has a 1 year low of $26.99 and a 1 year high of $39.07. The company has a market cap of $6.39 billion, a PE ratio of 12.81, a PEG ratio of 1.44 and a beta of 1.43. The company’s 50-day moving average is $36.26 and its two-hundred day moving average is $34.95.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $695.80 million for the quarter, compared to the consensus estimate of $692.94 million. Gildan Activewear had a net margin of 16.14% and a return on equity of 24.00%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. Equities analysts anticipate that Gildan Activewear will post 2.92 earnings per share for the current year.
Gildan Activewear Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Thursday, May 23rd were paid a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.82 annualized dividend and a dividend yield of 2.16%. Gildan Activewear’s dividend payout ratio is presently 27.36%.
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.
Read More
- Five stocks we like better than Gildan Activewear
- Low PE Growth Stocks: Unlocking Investment Opportunities
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What are earnings reports?
- MarketBeat Week in Review – 6/24 – 6/28
- Stock Market Upgrades: What Are They?
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
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.