Gildan Activewear Inc. (NYSE:GIL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Gildan Activewear Inc. (NYSE:GIL) (TSE:GIL) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.77.

Several brokerages have commented on GIL. Stifel Nicolaus boosted their target price on Gildan Activewear from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets boosted their target price on Gildan Activewear from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd.

Institutional Trading of Gildan Activewear

Institutional investors have recently added to or reduced their stakes in the stock. Natixis bought a new stake in Gildan Activewear in the first quarter valued at approximately $51,000. Cullen Frost Bankers Inc. bought a new stake in Gildan Activewear in the second quarter valued at approximately $51,000. Tobam bought a new stake in Gildan Activewear in the second quarter valued at approximately $53,000. EverSource Wealth Advisors LLC boosted its holdings in Gildan Activewear by 16.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 274 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in Gildan Activewear by 69.2% in the first quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the textile maker’s stock valued at $82,000 after acquiring an additional 900 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

Gildan Activewear Stock Up 0.5 %

GIL stock opened at $46.97 on Tuesday. The company has a market cap of $7.78 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43. The business has a 50-day simple moving average of $43.94 and a 200 day simple moving average of $39.36. Gildan Activewear has a 52 week low of $27.24 and a 52 week high of $47.75. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 0.55.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, August 1st. The textile maker reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $862.20 million during the quarter, compared to the consensus estimate of $851.10 million. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Sell-side analysts anticipate that Gildan Activewear will post 2.92 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is currently 27.70%.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.