Recent Investment Analysts’ Ratings Updates for Gildan Activewear (GIL)

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

  • 11/6/2018 – Gildan Activewear was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 11/2/2018 – Gildan Activewear had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $40.00 price target on the stock.
  • 11/2/2018 – Gildan Activewear was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating.
  • 11/1/2018 – Gildan Activewear was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/10/2018 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 9/17/2018 – Gildan Activewear was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

GIL stock opened at $31.10 on Wednesday. Gildan Activewear Inc has a 52 week low of $25.33 and a 52 week high of $34.19. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.79 and a current ratio of 4.94.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Gildan Activewear had a net margin of 12.28% and a return on equity of 18.80%. The company had revenue of $754.40 million for the quarter, compared to the consensus estimate of $759.15 million. During the same period in the previous year, the firm earned $0.53 EPS. Gildan Activewear’s revenue was up 5.3% on a year-over-year basis. On average, research analysts expect that Gildan Activewear Inc will post 1.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.09%. Gildan Activewear’s dividend payout ratio (DPR) is 26.16%.

Several hedge funds have recently added to or reduced their stakes in GIL. Global X Management Co LLC raised its position in shares of Gildan Activewear by 145.3% during the 2nd quarter. Global X Management Co LLC now owns 6,390 shares of the textile maker’s stock worth $180,000 after buying an additional 3,785 shares in the last quarter. Lester Murray Antman dba SimplyRich bought a new stake in shares of Gildan Activewear during the 2nd quarter worth about $205,000. Allianz Asset Management GmbH bought a new stake in shares of Gildan Activewear during the 1st quarter worth about $208,000. Jane Street Group LLC bought a new stake in shares of Gildan Activewear during the 2nd quarter worth about $221,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Gildan Activewear in the 2nd quarter worth approximately $250,000. Institutional investors own 70.76% of the company’s stock.

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. 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, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

Further Reading: Book Value Per Share – BVPS

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