Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Desjardins reduced their Q4 2019 earnings per share (EPS) estimates for Gildan Activewear in a note issued to investors on Thursday, May 2nd. Desjardins analyst K. Howlett now forecasts that the company will post earnings per share of $0.80 for the quarter, down from their prior forecast of $0.82.
Several other equities research analysts have also recently issued reports on GIL. BMO Capital Markets set a C$39.00 target price on Gildan Activewear and gave the stock a “market perform” rating in a report on Friday. National Bank Financial lifted their target price on Gildan Activewear from C$52.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Thursday, May 2nd.
Shares of GIL stock opened at C$51.05 on Monday. Gildan Activewear has a 12-month low of C$33.03 and a 12-month high of C$51.52. The company has a current ratio of 4.92, a quick ratio of 1.50 and a debt-to-equity ratio of 50.77. The stock has a market capitalization of $10.41 billion and a PE ratio of 34.80.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Thursday, February 21st. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.57. The firm had revenue of C$981.74 million during the quarter, compared to the consensus estimate of C$934.50 million.
In related news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction dated Monday, February 25th. The stock was sold at an average price of C$46.41, for a total value of C$464,100.00. Following the completion of the transaction, the insider now owns 127,218 shares in the company, valued at C$5,904,187.38. Also, Director Glenn J. Chamandy sold 75,000 shares of Gildan Activewear stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of C$47.21, for a total value of C$3,540,750.00. Following the completion of the transaction, the director now owns 192,625 shares of the company’s stock, valued at approximately C$9,093,826.25. Insiders sold 120,504 shares of company stock worth $5,652,591 over the last ninety days.
The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.54 annualized dividend and a dividend yield of 1.05%. Gildan Activewear’s dividend payout ratio (DPR) is 32.04%.
About Gildan Activewear
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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