Gildan Activewear Inc. (NYSE:GIL) Receives $45.68 Average Target Price from Analysts

Shares of Gildan Activewear Inc. (NYSE:GIL - Get Free Report) TSE: GIL have been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.68.

Several research firms recently weighed in on GIL. Stifel Nicolaus lifted their price target on Gildan Activewear from $51.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their target price on shares of Gildan Activewear from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. TD Securities raised their price target on shares of Gildan Activewear from $50.00 to $56.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Gildan Activewear from $41.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd.

Gildan Activewear Stock Performance

Shares of NYSE:GIL traded up $0.18 on Friday, hitting $48.07. The company had a trading volume of 470,263 shares, compared to its average volume of 442,189. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.78 and a beta of 1.43. The stock has a 50 day moving average price of $45.82 and a 200 day moving average price of $40.46. Gildan Activewear has a 1-year low of $27.24 and a 1-year high of $48.51. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $862.20 million for the quarter, compared to analyst estimates of $851.10 million. Gildan Activewear had a net margin of 13.01% and a return on equity of 24.96%. Gildan Activewear's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. Analysts expect that Gildan Activewear will post 2.93 EPS for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 22nd. Gildan Activewear's dividend payout ratio is presently 33.61%.

Hedge Funds Weigh In On Gildan Activewear

A number of institutional investors have recently modified their holdings of the business. Riverview Trust Co acquired a new position in Gildan Activewear during the third quarter worth about $29,000. Blue Trust Inc. lifted its stake in Gildan Activewear by 96.1% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the textile maker's stock valued at $38,000 after purchasing an additional 397 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Gildan Activewear in the second quarter valued at approximately $51,000. Natixis acquired a new stake in Gildan Activewear in the first quarter valued at approximately $51,000. Finally, Tobam bought a new stake in shares of Gildan Activewear during the second quarter worth $53,000. Institutional investors and hedge funds own 82.83% of the company's stock.

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.