Gildan Activewear (NYSE:GIL) (TSE:GIL) has been given an average rating of “Hold” by the thirteen analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.29.

Several brokerages recently commented on GIL. ValuEngine upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Royal Bank of Canada set a $32.00 target price on shares of Gildan Activewear and gave the stock a “hold” rating in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Gildan Activewear from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. DA Davidson set a $32.00 target price on shares of Gildan Activewear and gave the stock a “hold” rating in a report on Tuesday, March 6th. Finally, TD Securities upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $35.00 in a report on Thursday, May 3rd.

Gildan Activewear traded down $0.10, hitting $28.66, during trading on Monday, according to MarketBeat. The stock had a trading volume of 4,884 shares, compared to its average volume of 440,795. The company has a market capitalization of $6.15 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86. Gildan Activewear has a 12 month low of $28.57 and a 12 month high of $28.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.06 and a quick ratio of 1.64.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Wednesday, May 2nd. The textile maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $647.30 million during the quarter, compared to the consensus estimate of $654.39 million. Gildan Activewear had a return on equity of 18.06% and a net margin of 12.69%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. analysts anticipate that Gildan Activewear will post 1.87 earnings per share for the current year.

Gildan Activewear declared that its board has initiated a stock repurchase program on Thursday, February 22nd that authorizes the company to buyback 10,960,000 outstanding shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.112 per share. The ex-dividend date is Wednesday, May 16th. This represents a $0.45 annualized dividend and a dividend yield of 1.56%. Gildan Activewear’s payout ratio is 26.16%.

Large investors have recently bought and sold shares of the company. Atria Investments LLC bought a new position in shares of Gildan Activewear during the 4th quarter worth about $204,000. BlueCrest Capital Management Ltd bought a new stake in Gildan Activewear in the fourth quarter valued at about $219,000. Allianz Asset Management GmbH bought a new stake in Gildan Activewear in the first quarter valued at about $208,000. MML Investors Services LLC bought a new stake in Gildan Activewear in the fourth quarter valued at about $261,000. Finally, River Road Asset Management LLC bought a new stake in Gildan Activewear in the fourth quarter valued at about $289,000. Institutional investors own 73.57% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

Analyst Recommendations for Gildan Activewear (NYSE:GIL)

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