Recent Research Analysts’ Ratings Changes for Gildan Activewear (GIL)

A number of firms have modified their ratings and price targets on shares of Gildan Activewear (NYSE: GIL) recently:

  • 11/7/2017 – Gildan Activewear had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 11/6/2017 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 11/3/2017 – Gildan Activewear was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $30.00 price target on the stock, down previously from $34.00.
  • 11/1/2017 – Gildan Activewear is now covered by analysts at Macquarie. They set a “neutral” rating on the stock.
  • 10/27/2017 – Gildan Activewear was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 10/20/2017 – Gildan Activewear had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $34.00 price target on the stock.
  • 10/4/2017 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 9/26/2017 – Gildan Activewear was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 9/25/2017 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “

Gildan Activewear, Inc. (GIL) opened at $29.93 on Thursday. Gildan Activewear, Inc. has a one year low of $23.55 and a one year high of $32.15. The firm has a market cap of $6,602.20, a P/E ratio of 17.39, a P/E/G ratio of 1.30 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 5.13.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, November 2nd. The textile maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Gildan Activewear had a net margin of 14.21% and a return on equity of 18.80%. The business had revenue of $716.40 million for the quarter, compared to analyst estimates of $748.86 million. During the same quarter last year, the firm earned $0.50 EPS. Gildan Activewear’s quarterly revenue was up .2% compared to the same quarter last year. analysts forecast that Gildan Activewear, Inc. will post 1.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.094 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.38 annualized dividend and a yield of 1.26%. Gildan Activewear’s dividend payout ratio (DPR) is currently 22.02%.

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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