News articles about Gildan Activewear (NYSE:GIL) (TSE:GIL) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gildan Activewear earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.2884232782363 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Gildan Activewear (GIL) opened at 31.28 on Friday. The company has a 50 day moving average price of $30.68 and a 200 day moving average price of $29.09. Gildan Activewear has a 1-year low of $23.55 and a 1-year high of $31.87. The stock has a market cap of $7.02 billion, a P/E ratio of 18.93 and a beta of 0.70.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a net margin of 14.16% and a return on equity of 18.65%. The firm had revenue of $715.40 million during the quarter, compared to the consensus estimate of $753.85 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Gildan Activewear will post $1.70 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 17th were paid a $0.094 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, August 15th. Gildan Activewear’s dividend payout ratio (DPR) is 22.42%.

Several research analysts have recently issued reports on GIL shares. Canaccord Genuity set a $32.00 target price on Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research raised Gildan Activewear from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, June 19th. BMO Capital Markets reissued a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of Gildan Activewear in a research report on Friday, August 4th. Finally, TD Securities lowered Gildan Activewear from a “buy” rating to a “hold” rating and increased their target price for the stock from $32.00 to $33.00 in a research report on Friday, August 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.14.

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Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Insider Buying and Selling by Quarter for Gildan Activewear (NYSE:GIL)

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