Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) – Raymond James reduced their Q2 2019 earnings per share estimates for Gildan Activewear in a note issued to investors on Thursday, May 2nd. Raymond James analyst K. Tyghe now anticipates that the textile maker will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.54. Raymond James currently has a “Strong-Buy” rating and a $14.00 target price on the stock. Raymond James also issued estimates for Gildan Activewear’s Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.58 EPS, Q1 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.75 EPS, Q4 2020 earnings at $0.57 EPS, Q1 2021 earnings at $0.50 EPS and FY2021 earnings at $2.65 EPS.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Gildan Activewear had a return on equity of 18.24% and a net margin of 10.59%. The business had revenue of $624.00 million during the quarter, compared to analyst estimates of $600.17 million. During the same period in the prior year, the company earned $0.34 earnings per share. Gildan Activewear’s revenue was down 3.6% compared to the same quarter last year.
A number of other equities analysts have also commented on the company. TD Securities lowered Gildan Activewear from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a report on Thursday, February 21st. Royal Bank of Canada raised their price target on Gildan Activewear from $33.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. National Bank Financial reaffirmed a “hold” rating on shares of Gildan Activewear in a report on Friday, February 15th. Desjardins lowered Gildan Activewear from a “buy” rating to a “hold” rating and set a $33.98 price target for the company. in a report on Monday, February 4th. Finally, Zacks Investment Research lowered Gildan Activewear from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Gildan Activewear has a consensus rating of “Hold” and an average target price of $29.80.
Gildan Activewear stock opened at $37.95 on Monday. Gildan Activewear has a one year low of $25.33 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.92 and a quick ratio of 1.28. The firm has a market capitalization of $7.76 billion, a PE ratio of 20.40, a P/E/G ratio of 1.65 and a beta of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.134 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, May 15th. Gildan Activewear’s payout ratio is currently 29.03%.
Institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Gildan Activewear in the fourth quarter worth $34,000. Enlightenment Research LLC purchased a new stake in shares of Gildan Activewear in the fourth quarter worth $39,000. Rehmann Capital Advisory Group purchased a new stake in shares of Gildan Activewear in the fourth quarter worth $45,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Gildan Activewear in the first quarter worth $56,000. Finally, Quadrant Capital Group LLC raised its position in shares of Gildan Activewear by 916.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,116 shares of the textile maker’s stock worth $122,000 after buying an additional 3,711 shares in the last quarter. 70.40% of the stock is owned by hedge funds and other institutional investors.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
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