Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) – Research analysts at Desjardins dropped their Q3 2017 earnings per share estimates for Gildan Activewear in a research report issued on Friday. Desjardins analyst K. Howlett now anticipates that the textile maker will post earnings of $0.50 per share for the quarter, down from their previous estimate of $0.53. Desjardins also issued estimates for Gildan Activewear’s Q4 2017 earnings at $0.34 EPS.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, May 31st. TD Securities reiterated a “buy” rating and issued a $31.00 price objective on shares of Gildan Activewear in a report on Thursday, April 27th. Canaccord Genuity set a $32.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday, July 7th. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of Gildan Activewear in a report on Friday. Finally, TheStreet downgraded shares of Gildan Activewear from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Gildan Activewear currently has an average rating of “Hold” and an average price target of $35.14.

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Shares of Gildan Activewear (NYSE:GIL) opened at 29.99 on Monday. Gildan Activewear has a 52-week low of $23.55 and a 52-week high of $31.83. The firm has a 50-day moving average of $30.59 and a 200 day moving average of $27.74. The company has a market capitalization of $6.75 billion, a P/E ratio of 19.04 and a beta of 0.72.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, August 3rd. The textile maker reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $715.40 million during the quarter, compared to the consensus estimate of $753.85 million. Gildan Activewear had a net margin of 14.16% and a return on equity of 18.63%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its position in Gildan Activewear by 0.7% in the first quarter. World Asset Management Inc now owns 14,512 shares of the textile maker’s stock valued at $392,000 after buying an additional 105 shares in the last quarter. Comerica Bank boosted its position in Gildan Activewear by 1.2% in the first quarter. Comerica Bank now owns 13,687 shares of the textile maker’s stock valued at $384,000 after buying an additional 164 shares in the last quarter. US Bancorp DE boosted its position in Gildan Activewear by 24.2% in the first quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock valued at $101,000 after buying an additional 725 shares in the last quarter. Global X Management Co. LLC boosted its position in Gildan Activewear by 33.1% in the second quarter. Global X Management Co. LLC now owns 3,591 shares of the textile maker’s stock valued at $110,000 after buying an additional 893 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Gildan Activewear by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 70,574 shares of the textile maker’s stock valued at $1,903,000 after buying an additional 900 shares in the last quarter. 77.22% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Earnings History and Estimates for Gildan Activewear (NYSE:GIL)

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