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

Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $51.05.

GIL has been the topic of a number of analyst reports. TD Securities increased their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Citigroup lifted their price target on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group lifted their price target on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 1st. CIBC increased their price objective on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lifted their target price on Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Gildan Activewear Stock Down 0.5 %

NYSE:GIL opened at $46.77 on Friday. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $48.61 and a 200-day moving average of $44.12. The firm has a market capitalization of $7.15 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.82 and a beta of 1.40. Gildan Activewear has a 52 week low of $30.68 and a 52 week high of $50.60.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The firm had revenue of $891.10 million during the quarter, compared to the consensus estimate of $882.85 million. Gildan Activewear had a return on equity of 26.88% and a net margin of 13.06%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. Analysts predict that Gildan Activewear will post 2.97 EPS for the current year.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, November 21st were given a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 32.41%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GIL. Fortis Group Advisors LLC grew its holdings in Gildan Activewear by 3.9% during the third quarter. Fortis Group Advisors LLC now owns 6,601 shares of the textile maker’s stock worth $311,000 after acquiring an additional 246 shares during the period. Aristides Capital LLC raised its holdings in shares of Gildan Activewear by 4.3% in the 2nd quarter. Aristides Capital LLC now owns 7,617 shares of the textile maker’s stock worth $289,000 after purchasing an additional 314 shares in the last quarter. CWM LLC lifted its stake in Gildan Activewear by 23.0% during the third quarter. CWM LLC now owns 1,698 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 318 shares during the last quarter. Blue Trust Inc. lifted its stake in Gildan Activewear by 96.1% during the third quarter. Blue Trust Inc. now owns 810 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 397 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its holdings in Gildan Activewear by 0.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 109,947 shares of the textile maker’s stock worth $5,180,000 after buying an additional 577 shares in the last quarter. 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.