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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks, as well as sheer pantyhose, tights, and leggings under the Gildan, Under Armour, GoldToe, PowerSox, Signature Gold by Goldtoe, Peds, MediPeds, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel brands. In addition, it provides men's and boys' underwear products, and ladies panties under the Gildan and Gildan Platinum brands; and ladies' shapewear, intimates, and accessories under the Secret and Secret Silky brands. The company sells its products to wholesale distributors, screen printers, and embellishers, as well as to retailers and lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.
Gildan Activewear Price Performance
NYSE:GIL traded up $0.02 during trading hours on Monday, reaching $32.10. 444,029 shares of the stock traded hands, compared to its average volume of 706,455. The stock has a 50 day simple moving average of $28.87 and a two-hundred day simple moving average of $33.39. Gildan Activewear has a 1 year low of $25.67 and a 1 year high of $43.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.11 and a quick ratio of 1.26. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.
Gildan Activewear (NYSE:GIL - Get Rating) (TSE:GIL) last released its quarterly earnings results on Thursday, August 4th. The textile maker reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. Gildan Activewear had a return on equity of 32.51% and a net margin of 20.48%. The business had revenue of $895.60 million for the quarter, compared to the consensus estimate of $820.62 million. During the same quarter last year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts predict that Gildan Activewear will post 3.1 EPS for the current fiscal year.
Gildan Activewear Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Thursday, August 25th will be issued a $0.169 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $0.68 annualized dividend and a dividend yield of 2.11%. Gildan Activewear's dividend payout ratio is currently 19.65%.
Wall Street Analysts Forecast Growth
GIL has been the subject of a number of analyst reports. StockNews.com lowered Gildan Activewear from a "buy" rating to a "hold" rating in a report on Friday, May 13th. TD Securities raised their price target on Gildan Activewear from $43.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 5th. UBS Group dropped their price objective on Gildan Activewear from $54.00 to $42.00 in a research note on Friday, July 15th. Canaccord Genuity Group lifted their price objective on Gildan Activewear from $37.00 to $42.50 in a research note on Monday, August 8th. Finally, Canaccord Genuity Group lifted their price objective on Gildan Activewear from $37.00 to $42.50 and gave the company a "buy" rating in a research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Gildan Activewear presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.90.