Gildan Activewear (GIL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$39.21.

GIL has been the subject of several recent research reports. National Bank Financial reduced their target price on shares of Gildan Activewear from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. Stifel Nicolaus raised their target price on shares of Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th.

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Shares of TSE GIL traded down C$0.44 during midday trading on Friday, reaching C$37.16. The company had a trading volume of 554,433 shares, compared to its average volume of 604,890. Gildan Activewear has a 1 year low of C$35.21 and a 1 year high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.39. The business had revenue of C$830.25 million during the quarter, compared to analysts’ expectations of C$804.95 million. Gildan Activewear had a net margin of 8.41% and a return on equity of 10.70%.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 8th were issued a dividend of $0.112 per share. The ex-dividend date was Wednesday, March 7th. This represents a $0.45 annualized dividend and a dividend yield of 1.21%.

In related news, insider Eric Ralph Lehman sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$29.00, for a total transaction of C$580,000.00. Also, insider Benito Masi sold 12,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of C$37.45, for a total transaction of C$449,400.00.

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About Gildan Activewear

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 (TSE:GIL)

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