Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) – Research analysts at Desjardins decreased their Q3 2019 EPS estimates for shares of Gildan Activewear in a research note issued on Friday, October 18th. Desjardins analyst K. Howlett now anticipates that the textile maker will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.58. Desjardins currently has a “Sell” rating on the stock.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, August 1st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. Gildan Activewear had a return on equity of 18.48% and a net margin of 10.14%. The firm had revenue of $801.60 million during the quarter, compared to analyst estimates of $793.91 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was up 4.9% compared to the same quarter last year.

Other research analysts have also issued research reports about the company. Stifel Nicolaus lowered Gildan Activewear from a “buy” rating to a “hold” rating and reduced their price objective for the company from $44.00 to $30.00 in a research report on Friday. BMO Capital Markets reduced their price objective on Gildan Activewear from $41.00 to $31.00 and set a “market perform” rating for the company in a research report on Friday. TD Securities reduced their price objective on Gildan Activewear from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada reduced their price objective on Gildan Activewear from $36.00 to $30.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Citigroup raised their price objective on Gildan Activewear from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Gildan Activewear has a consensus rating of “Hold” and a consensus target price of $31.60.

GIL stock opened at $27.00 on Monday. Gildan Activewear has a twelve month low of $23.45 and a twelve month high of $40.40. The company has a quick ratio of 1.68, a current ratio of 4.33 and a debt-to-equity ratio of 0.55. The firm has a market cap of $7.21 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85. The business has a 50 day moving average of $35.13 and a 200 day moving average of $37.06.

Several institutional investors have recently bought and sold shares of the business. Neuburgh Advisers LLC increased its holdings in shares of Gildan Activewear by 11.4% in the 2nd quarter. Neuburgh Advisers LLC now owns 3,744 shares of the textile maker’s stock worth $139,000 after purchasing an additional 384 shares in the last quarter. Glen Harbor Capital Management LLC increased its holdings in shares of Gildan Activewear by 11.4% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 5,148 shares of the textile maker’s stock worth $191,000 after purchasing an additional 528 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Gildan Activewear by 28.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,595 shares of the textile maker’s stock worth $99,000 after purchasing an additional 569 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Gildan Activewear by 3.1% in the 2nd quarter. MML Investors Services LLC now owns 19,841 shares of the textile maker’s stock worth $767,000 after purchasing an additional 599 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in shares of Gildan Activewear by 11.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,900 shares of the textile maker’s stock worth $219,000 after purchasing an additional 600 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

About Gildan Activewear

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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Earnings History and Estimates for Gildan Activewear (NYSE:GIL)

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