Somewhat Favorable News Coverage Somewhat Unlikely to Impact Gildan Activewear (GIL) Share Price
Media coverage about Gildan Activewear (NYSE:GIL) (TSE:GIL) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gildan Activewear earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 46.1682341222316 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Gildan Activewear, Inc. breached its 50 day moving average in a Bearish Manner : GIL-US : August 11, 2017 (finance.yahoo.com)
- Gildan Activewear Inc (GIL.TO) Triple EMA Gaining Upward Momentum – Evergreen Caller (evergreencaller.com)
- Gildan’s American Apparel opens ‘Made in USA’ shop; prices are higher for American-made products – Winston-Salem Journal (journalnow.com)
- Gildan Activewear, Inc. (GIL) Declares $0.09 Quarterly Dividend (americanbankingnews.com)
- Aug 08, 2017 – USS Investment Management Ltd Buys Wells Fargo … – GuruFocus.com (gurufocus.com)
A number of research firms recently commented on GIL. Zacks Investment Research upgraded Gildan Activewear from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, April 27th. Royal Bank Of Canada increased their price objective on Gildan Activewear from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. TD Securities increased their price objective on Gildan Activewear from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, TheStreet downgraded Gildan Activewear from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Gildan Activewear presently has an average rating of “Hold” and an average target price of $35.14.
Shares of Gildan Activewear (NYSE GIL) traded down 0.13% during midday trading on Friday, reaching $30.13. The company’s stock had a trading volume of 382,658 shares. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 18.24 and a beta of 0.72. Gildan Activewear has a 12 month low of $23.55 and a 12 month high of $31.83. The company has a 50-day moving average price of $30.46 and a 200-day moving average price of $27.98.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, August 3rd. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a return on equity of 18.65% and a net margin of 14.16%. The business had revenue of $715.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same quarter last year, the firm earned $0.41 EPS. Gildan Activewear’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Gildan Activewear will post $1.70 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 17th will be given a $0.094 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, August 15th. Gildan Activewear’s dividend payout ratio is presently 22.42%.
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.
Receive News & Ratings for Gildan Activewear Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.