Gildan Activewear Inc. (NYSE:GIL) Receives $41.25 Consensus PT from Analysts

Shares of Gildan Activewear Inc. (NYSE:GIL - Get Free Report) TSE: GIL have been given an average rating of "Moderate Buy" by the twelve analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $41.25.

GIL has been the subject of several research analyst reports. UBS Group cut Gildan Activewear from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $40.00 to $37.00 in a research report on Friday, January 5th. Scotiabank increased their price target on Gildan Activewear from $39.50 to $40.50 and gave the company a "sector outperform" rating in a research note on Friday, February 9th. CIBC increased their target price on Gildan Activewear from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Stifel Nicolaus raised their price objective on Gildan Activewear from $34.00 to $36.00 and gave the company a "hold" rating in a report on Thursday, February 22nd. Finally, Stifel Canada downgraded shares of Gildan Activewear from a "buy" rating to a "hold" rating in a research report on Monday, December 18th.

Gildan Activewear Trading Up 1.5 %

Gildan Activewear stock traded up $0.55 during trading on Tuesday, hitting $37.00. The company's stock had a trading volume of 1,956,876 shares, compared to its average volume of 851,277. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 2.33. The stock's fifty day moving average is $35.10 and its 200 day moving average is $33.13. Gildan Activewear has a 1-year low of $26.98 and a 1-year high of $38.87.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last issued its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The firm had revenue of $782.70 million during the quarter, compared to the consensus estimate of $753.35 million. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. Gildan Activewear's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts predict that Gildan Activewear will post 2.94 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.205 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.82 annualized dividend and a yield of 2.22%. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.19. Gildan Activewear's dividend payout ratio (DPR) is 27.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC purchased a new position in shares of Gildan Activewear during the 3rd quarter valued at approximately $34,000. CWM LLC increased its stake in Gildan Activewear by 86.5% during the fourth quarter. CWM LLC now owns 1,074 shares of the textile maker's stock worth $35,000 after purchasing an additional 498 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Gildan Activewear by 120.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,646 shares of the textile maker's stock worth $46,000 after buying an additional 900 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Gildan Activewear by 529.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the textile maker's stock worth $73,000 after buying an additional 1,863 shares during the period. Finally, Signaturefd LLC boosted its holdings in Gildan Activewear by 39.3% in the third quarter. Signaturefd LLC now owns 4,104 shares of the textile maker's stock valued at $115,000 after purchasing an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company's stock.

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.