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

  • 11/6/2018 – Gildan Activewear was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 11/2/2018 – Gildan Activewear had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $40.00 price target on the stock.
  • 11/2/2018 – Gildan Activewear was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating.
  • 11/1/2018 – Gildan Activewear was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/10/2018 – Gildan Activewear was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “

GIL traded down $0.27 during trading on Tuesday, reaching $30.99. 695,800 shares of the company were exchanged, compared to its average volume of 501,114. The company has a market cap of $6.50 billion, a P/E ratio of 18.02, a PEG ratio of 1.42 and a beta of 0.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.94 and a quick ratio of 1.79. Gildan Activewear Inc has a 52 week low of $25.33 and a 52 week high of $34.19.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, November 1st. The textile maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $754.40 million during the quarter, compared to the consensus estimate of $759.15 million. Gildan Activewear had a return on equity of 18.80% and a net margin of 12.28%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. As a group, research analysts anticipate that Gildan Activewear Inc will post 1.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be paid a $0.085 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.34 annualized dividend and a dividend yield of 1.10%. Gildan Activewear’s payout ratio is 26.16%.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Gildan Activewear by 1.8% in the third quarter. FMR LLC now owns 8,683,509 shares of the textile maker’s stock worth $264,206,000 after purchasing an additional 155,287 shares in the last quarter. Cooke & Bieler LP grew its stake in shares of Gildan Activewear by 4.6% in the second quarter. Cooke & Bieler LP now owns 5,927,975 shares of the textile maker’s stock worth $166,932,000 after purchasing an additional 260,186 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Gildan Activewear by 12.4% in the second quarter. Bank of America Corp DE now owns 2,069,502 shares of the textile maker’s stock worth $58,278,000 after purchasing an additional 228,918 shares in the last quarter. Eaton Vance Management bought a new position in shares of Gildan Activewear in the third quarter worth $46,533,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gildan Activewear by 22.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,487,000 shares of the textile maker’s stock worth $45,211,000 after purchasing an additional 270,600 shares in the last quarter. 71.66% of the stock is owned by institutional investors.

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.

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