Q4 2017 EPS Estimates for Gildan Activewear Inc Increased by Analyst (GIL)
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Equities research analysts at DA Davidson upped their Q4 2017 earnings per share (EPS) estimates for shares of Gildan Activewear in a report released on Thursday. DA Davidson analyst A. Burns now expects that the company will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.35. DA Davidson also issued estimates for Gildan Activewear’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.44 EPS and FY2019 earnings at $2.76 EPS.
Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a research report on Friday. National Bank Financial raised their price target on shares of Gildan Activewear from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Friday. TD Securities cut shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 price target on the stock. in a research report on Friday, August 4th. Canaccord Genuity cut shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a C$40.00 price target on the stock. in a research report on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$39.58.
Gildan Activewear (TSE:GIL) traded up C$0.56 during midday trading on Monday, reaching C$37.94. The company had a trading volume of 64,005 shares, compared to its average volume of 676,635. Gildan Activewear has a 12 month low of C$30.97 and a 12 month high of C$42.18.
In other Gildan Activewear news, insider Eric Ralph Lehman sold 25,000 shares of Gildan Activewear stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of C$30.19, for a total transaction of C$754,750.00. Also, Director Glenn J. Chamandy sold 136,700 shares of Gildan Activewear stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$38.78, for a total transaction of C$5,301,226.00. In the last three months, insiders have sold 227,300 shares of company stock worth $8,567,256.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.121 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.28%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09.
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.
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