Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – National Bank Financial cut their Q1 2018 EPS estimates for Gildan Activewear in a research note issued to investors on Sunday. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.54. National Bank Financial has a “Sector Perform” rating and a $44.00 price objective on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q2 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $2.37 EPS.

Several other equities research analysts also recently weighed in on GIL. BMO Capital Markets reduced their price objective on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. Stifel Nicolaus upped their price objective on shares of Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Gildan Activewear presently has an average rating of “Hold” and a consensus target price of C$39.50.

Shares of Gildan Activewear (TSE GIL) opened at C$41.23 on Wednesday. The firm has a market cap of $9,050.00, a PE ratio of 19.92 and a beta of 0.37. Gildan Activewear has a 1-year low of C$30.97 and a 1-year high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.67 earnings per share for the quarter, topping the consensus estimate of C$0.65 by C$0.02. Gildan Activewear had a net margin of 16.21% and a return on equity of 22.37%.

In other Gildan Activewear news, Director Glenn J. Chamandy sold 54,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total value of C$2,075,760.00. Also, insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total transaction of C$114,750.00. Insiders sold a total of 99,136 shares of company stock valued at $3,813,615 over the last three months.

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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.

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