Gildan Activewear Inc. (GIL) Given a $43.00 Price Target by Credit Suisse Group AG Analysts
Gildan Activewear Inc. (NYSE:GIL) has been assigned a $43.00 target price by Credit Suisse Group AG in a note issued to investors on Friday. The firm presently has a a “buy” rating on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 62.57% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Monday, July 25th. RBC Capital Markets restated an “outperform” rating and issued a $44.50 target price on shares of Gildan Activewear in a report on Monday, October 17th. Raymond James Financial Inc. restated a “strong-buy” rating and issued a $35.00 target price on shares of Gildan Activewear in a report on Thursday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.00 price target (up from $32.00) on shares of Gildan Activewear in a research report on Friday, November 4th. Finally, Scotiabank reiterated an “outperform” rating and issued a $44.00 price target on shares of Gildan Activewear in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.00.
Shares of Gildan Activewear (NYSE:GIL) opened at 26.45 on Friday. Gildan Activewear has a one year low of $22.43 and a one year high of $32.20. The firm’s 50-day moving average is $26.63 and its 200-day moving average is $28.89. The company has a market cap of $6.13 billion, a PE ratio of 18.57 and a beta of 1.24.
Gildan Activewear (NYSE:GIL) last issued its earnings results on Thursday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Gildan Activewear had a return on equity of 16.67% and a net margin of 13.38%. The company earned $715 million during the quarter, compared to analysts’ expectations of $723.97 million. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Gildan Activewear will post $1.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 18th will be paid a dividend of $0.078 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.31 annualized dividend and a yield of 1.18%. Gildan Activewear’s payout ratio is 21.68%.
A number of institutional investors have recently bought and sold shares of GIL. UBS Group AG boosted its position in Gildan Activewear by 17.5% in the first quarter. UBS Group AG now owns 123,216 shares of the company’s stock valued at $3,760,000 after buying an additional 18,360 shares during the last quarter. AXA boosted its position in shares of Gildan Activewear by 726.7% in the first quarter. AXA now owns 12,400 shares of the company’s stock worth $380,000 after buying an additional 10,900 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Gildan Activewear by 27.4% in the first quarter. Legal & General Group Plc now owns 145,128 shares of the company’s stock worth $4,441,000 after buying an additional 31,200 shares during the last quarter. Skyline Asset Management LP boosted its position in shares of Gildan Activewear by 3.9% in the first quarter. Skyline Asset Management LP now owns 492,000 shares of the company’s stock worth $15,011,000 after buying an additional 18,400 shares during the last quarter. Finally, New England Research & Management Inc. acquired a new position in shares of Gildan Activewear during the second quarter worth approximately $285,000. 73.41% of the stock is owned by institutional investors.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.
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