Gildan Activewear Inc. (NYSE:GIL) Given Average Rating of “Moderate Buy” by Brokerages

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $44.50.

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised shares of Gildan Activewear from a “hold” rating to a “buy” rating and lifted their price target for the company from $39.00 to $51.00 in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Gildan Activewear from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

Gildan Activewear Stock Up 0.1 %

Shares of NYSE:GIL opened at $44.06 on Friday. Gildan Activewear has a 1 year low of $26.99 and a 1 year high of $45.71. The business has a 50 day simple moving average of $41.35 and a two-hundred day simple moving average of $37.91. The firm has a market capitalization of $7.15 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 0.97.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The business had revenue of $862.20 million during the quarter, compared to analyst estimates of $851.10 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Gildan Activewear will post 2.92 EPS for the current year.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 22nd will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is 27.70%.

Hedge Funds Weigh In On Gildan Activewear

A number of large investors have recently bought and sold shares of GIL. CWM LLC increased its position in shares of Gildan Activewear by 86.5% during the fourth quarter. CWM LLC now owns 1,074 shares of the textile maker’s stock worth $35,000 after purchasing an additional 498 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Gildan Activewear by 1,319.8% during the fourth quarter. Natixis Advisors L.P. now owns 187,467 shares of the textile maker’s stock worth $6,197,000 after purchasing an additional 174,263 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Gildan Activewear during the fourth quarter worth $209,000. Metis Global Partners LLC increased its position in shares of Gildan Activewear by 45.4% during the fourth quarter. Metis Global Partners LLC now owns 11,658 shares of the textile maker’s stock worth $386,000 after purchasing an additional 3,639 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Gildan Activewear during the fourth quarter worth $221,000. Institutional investors own 82.83% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.