Gildan Activewear (GIL) Given News Sentiment Score of 0.13
News stories about Gildan Activewear (NYSE:GIL) (TSE:GIL) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gildan Activewear earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the textile maker an impact score of 45.4468274281922 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Gildan Activewear to Host Investor Day in New York on March 1, 2018 (finance.yahoo.com)
- Analyzing Hanesbrands (HBI) and Gildan Activewear (GIL) (americanbankingnews.com)
- BetterInvesting Magazine Releases March Stock To Study And Undervalued Stock Choices For Investors’ Informational And Educational Use (prnewswire.com)
- Remarkable Runner -Gildan Activewear Inc. (GIL) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Gildan Activewear Inc (GIL) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
GIL has been the subject of several recent research reports. Goldman Sachs Group reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Gildan Activewear in a research report on Friday, December 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Gildan Activewear in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. BMO Capital Markets downgraded shares of Gildan Activewear from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $34.00 to $30.00 in a research report on Friday, November 3rd. Finally, Stifel Nicolaus set a $37.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Friday, December 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.00.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, November 2nd. The textile maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Gildan Activewear had a return on equity of 18.80% and a net margin of 14.21%. The company had revenue of $716.40 million during the quarter, compared to analysts’ expectations of $748.86 million. During the same period in the prior year, the business posted $0.50 EPS. The business’s revenue was up .2% on a year-over-year basis. equities analysts forecast that Gildan Activewear will post 1.71 EPS for the current year.
Gildan Activewear declared that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that permits the company to buyback 4,600,000 outstanding shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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About Gildan Activewear
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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