Gildan Activewear Inc. (NYSE:GIL)‘s stock had its “outperform” rating reiterated by RBC Capital Markets in a research note issued on Monday. They currently have a $44.50 target price on the stock. RBC Capital Markets’ target price would suggest a potential upside of 65.24% from the company’s current price.
GIL has been the subject of several other reports. Desjardins reiterated a “buy” rating and set a $43.00 target price on shares of Gildan Activewear in a research note on Thursday, July 28th. Zacks Investment Research downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Brean Capital reiterated a “hold” rating on shares of Gildan Activewear in a research note on Thursday, July 28th. Scotiabank reiterated an “outperform” rating and set a $44.00 target price on shares of Gildan Activewear in a research note on Wednesday, July 6th. Finally, TD Securities reiterated a “buy” rating and set a $36.00 target price on shares of Gildan Activewear in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $36.68.
Shares of Gildan Activewear (NYSE:GIL) traded down 0.66% during mid-day trading on Monday, hitting $26.93. The stock had a trading volume of 287,706 shares. The stock’s 50-day moving average price is $28.26 and its 200 day moving average price is $29.50. The company has a market capitalization of $6.24 billion, a P/E ratio of 18.74 and a beta of 0.99. Gildan Activewear has a 1-year low of $22.43 and a 1-year high of $32.20.
Gildan Activewear (NYSE:GIL) last issued its earnings results on Wednesday, July 27th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Gildan Activewear had a return on equity of 17.19% and a net margin of 13.94%. The business had revenue of $689 million for the quarter, compared to the consensus estimate of $697.92 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that Gildan Activewear will post $1.53 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of GIL. AGF Investments Inc. boosted its position in Gildan Activewear by 121.1% in the second quarter. AGF Investments Inc. now owns 6,414 shares of the company’s stock worth $188,000 after buying an additional 3,513 shares during the period. Quantbot Technologies LP acquired a new position in Gildan Activewear during the second quarter worth approximately $211,000. Cipher Capital LP acquired a new position in Gildan Activewear during the second quarter worth approximately $244,000. NN Investment Partners Holdings N.V. acquired a new position in Gildan Activewear during the first quarter worth approximately $263,000. Finally, New England Research & Management Inc. acquired a new position in Gildan Activewear during the second quarter worth approximately $285,000. 72.64% of the stock is owned by institutional investors.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.
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