Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.75.

GIL has been the subject of a number of analyst reports. ValuEngine lowered Gildan Activewear from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Royal Bank of Canada upped their target price on Gildan Activewear from $34.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Citigroup upped their target price on Gildan Activewear from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Securities upgraded Gildan Activewear from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Raymond James restated a “strong-buy” rating and set a $14.00 target price on shares of Gildan Activewear in a report on Thursday, May 2nd.

Gildan Activewear stock traded down $1.42 during mid-day trading on Wednesday, reaching $35.91. 304,965 shares of the company were exchanged, compared to its average volume of 490,706. The firm’s fifty day moving average is $38.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.68 and a current ratio of 4.33. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.32 and a beta of 0.83. Gildan Activewear has a 12-month low of $28.11 and a 12-month high of $40.40.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, August 1st. The textile maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $801.60 million during the quarter, compared to analyst estimates of $793.91 million. Gildan Activewear had a return on equity of 18.48% and a net margin of 10.14%. Gildan Activewear’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, equities research analysts predict that Gildan Activewear will post 1.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.236 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.94 annualized dividend and a dividend yield of 2.63%. Gildan Activewear’s dividend payout ratio is presently 29.03%.

Several institutional investors and hedge funds have recently modified their holdings of GIL. Overbrook Management Corp raised its stake in Gildan Activewear by 25.1% in the 1st quarter. Overbrook Management Corp now owns 725,104 shares of the textile maker’s stock worth $26,082,000 after acquiring an additional 145,395 shares during the last quarter. Beutel Goodman & Co Ltd. purchased a new position in Gildan Activewear in the 1st quarter worth $56,000. MML Investors Services LLC raised its stake in Gildan Activewear by 5.3% in the 1st quarter. MML Investors Services LLC now owns 19,242 shares of the textile maker’s stock worth $692,000 after acquiring an additional 976 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Gildan Activewear by 7.1% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 186,484 shares of the textile maker’s stock worth $6,876,000 after acquiring an additional 12,338 shares during the last quarter. Finally, Strs Ohio raised its stake in Gildan Activewear by 86.7% in the 1st quarter. Strs Ohio now owns 425,899 shares of the textile maker’s stock worth $15,318,000 after acquiring an additional 197,800 shares during the last quarter. Hedge funds and other institutional investors own 68.62% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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Analyst Recommendations for Gildan Activewear (NYSE:GIL)

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