FY2024 EPS Estimate for Gildan Activewear Raised by Analyst

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Research analysts at Stifel Canada lifted their FY2024 earnings per share (EPS) estimates for shares of Gildan Activewear in a research report issued to clients and investors on Thursday, October 31st. Stifel Canada analyst M. Landry now anticipates that the company will post earnings per share of $4.10 for the year, up from their prior estimate of $4.04. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.55 per share. Stifel Canada also issued estimates for Gildan Activewear’s FY2025 earnings at $4.82 EPS.

A number of other analysts have also recently weighed in on GIL. TD Securities upped their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Citigroup raised their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. National Bankshares lifted their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Desjardins lifted their price target on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$57.20.

Gildan Activewear Trading Up 1.8 %

Shares of TSE GIL opened at C$69.50 on Monday. The business has a 50 day simple moving average of C$63.54 and a 200 day simple moving average of C$55.80. Gildan Activewear has a 52 week low of C$41.32 and a 52 week high of C$69.78. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The stock has a market cap of C$11.30 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.18%. Gildan Activewear’s dividend payout ratio (DPR) is 33.94%.

Insider Transactions at Gildan Activewear

In related news, Senior Officer Benito Masi sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$41.55, for a total value of C$2,077,495.00. In related news, Senior Officer Benito Masi sold 50,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$41.55, for a total value of C$2,077,495.00. Also, Senior Officer Rhodri Harries sold 32,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Insiders have sold a total of 101,620 shares of company stock valued at $4,870,471 in the last ninety days. 2.26% of the stock is currently owned by corporate insiders.

About Gildan Activewear

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.