Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL)‘s stock had its “neutral” rating reissued by research analysts at Citigroup Inc. in a note issued to investors on Wednesday.

A number of other research analysts have also recently commented on the company. RBC Capital Markets reissued an “outperform” rating and issued a $45.00 target price on shares of Gildan Activewear in a research note on Wednesday, July 20th. Zacks Investment Research raised Gildan Activewear from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, July 21st. Raymond James Financial Inc. reissued a “strong-buy” rating and issued a $35.00 target price on shares of Gildan Activewear in a research note on Thursday, July 21st. TD Securities reissued a “buy” rating and issued a $36.00 target price on shares of Gildan Activewear in a research note on Thursday, July 28th. Finally, Scotiabank reissued an “outperform” rating and issued a $44.00 target price on shares of Gildan Activewear in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Gildan Activewear has a consensus rating of “Buy” and a consensus price target of $35.86.

Analyst Recommendations for Gildan Activewear (NYSE:GIL)

Gildan Activewear (NYSE:GIL) opened at 26.74 on Wednesday. Gildan Activewear has a 52-week low of $22.43 and a 52-week high of $32.20. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.78 and a beta of 1.24. The stock has a 50 day moving average price of $26.63 and a 200 day moving average price of $28.89.

Gildan Activewear (NYSE:GIL) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.01. The firm earned $715 million during the quarter, compared to the consensus estimate of $723.97 million. Gildan Activewear had a return on equity of 16.67% and a net margin of 13.38%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts forecast that Gildan Activewear will post $1.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 18th will be issued a $0.078 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.31 annualized dividend and a yield of 1.17%. Gildan Activewear’s dividend payout ratio (DPR) is presently 21.68%.

Hedge funds have recently modified their holdings of the company. AXA raised its stake in shares of Gildan Activewear by 726.7% in the first quarter. AXA now owns 12,400 shares of the company’s stock valued at $380,000 after buying an additional 10,900 shares during the period. Legal & General Group Plc raised its stake 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 valued at $4,441,000 after buying an additional 31,200 shares during the period. New England Research & Management Inc. bought a new stake in shares of Gildan Activewear during the second quarter valued at approximately $285,000. Daiwa SB Investments Ltd. bought a new stake in shares of Gildan Activewear during the second quarter valued at approximately $1,205,000. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of Gildan Activewear by 7.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 9,230 shares of the company’s stock valued at $271,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 73.41% of the company’s stock.

About Gildan Activewear

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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