Gildan Activewear (NYSE: GIL) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – Gildan Activewear had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $34.00 price target on the stock, up previously from $32.00.
  • 8/4/2017 – Gildan Activewear was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating.
  • 8/4/2017 – Gildan Activewear was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a $33.00 price target on the stock, up previously from $32.00.
  • 8/2/2017 – Gildan Activewear was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 7/12/2017 – Gildan Activewear was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $32.00 price target on the stock.
  • 7/11/2017 – Gildan Activewear was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating. They now have a $31.00 price target on the stock.
  • 7/7/2017 – Gildan Activewear was given a new $32.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 7/4/2017 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 6/28/2017 – Gildan Activewear was upgraded by analysts at CIBC from a “sector perform” rating to a “sector outperform” rating.
  • 6/19/2017 – Gildan Activewear was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “
  • 6/16/2017 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gildan Activewear Inc. is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers. “

Gildan Activewear, Inc. (GIL) opened at 30.17 on Friday. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 18.26 and a beta of 0.72. Gildan Activewear, Inc. has a 12 month low of $23.55 and a 12 month high of $31.83. The stock has a 50 day moving average of $30.50 and a 200 day moving average of $27.95.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $715.40 million for 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 18.65%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Equities analysts anticipate that Gildan Activewear, Inc. will post $1.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 17th will be issued a $0.094 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, August 15th. Gildan Activewear’s dividend payout ratio (DPR) is currently 22.42%.

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.

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