6 hours Ago By ABMN Staff
Gildan Activewear ( NYSE:GIL – Free Report ) (TSE:GIL) had its price target hoisted by BMO Capital Markets from $58.00 to $64.00 in a research report sent to investors on Thursday, MarketBeat.
com reports. The firm currently has an outperform rating on the textile maker’s stock. A number of other equities analysts also recently issued reports on the stock.
TD Securities raised their price objective on shares of Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 2nd.
Stifel Nicolaus lifted their price objective on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.
Citigroup upped their price objective on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 1st.
Canaccord Genuity Group raised their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.
Finally, CIBC upped their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.
Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $60.00.
Get Our Latest Report on GIL Gildan Activewear Stock Performance Gildan Activewear ( NYSE:GIL – Get Free Report ) (TSE:GIL) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.
13 by ($0.30). Gildan Activewear had a net margin of 12.
26% and a return on equity of 28.80%. The firm had revenue of $822.
00 million for the quarter, compared to analysts’ expectations of $805.75 million. During the same quarter in the previous year, the company earned $0.
75 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year.
On average, analysts anticipate that Gildan Activewear will post 3.48 EPS for the current fiscal year. Gildan Activewear Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th.
Shareholders of record on Wednesday, March 12th will be paid a $0.226 dividend. This represents a $0.
90 annualized dividend and a yield of 1.67%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.
15. The ex-dividend date is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is 36.
00%. Institutional Investors Weigh In On Gildan Activewear Several institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd purchased a new position in Gildan Activewear in the 4th quarter worth $28,000.
Blue Trust Inc. boosted its stake in shares of Gildan Activewear by 96.1% in the third quarter.
Blue Trust Inc. now owns 810 shares of the textile maker’s stock worth $38,000 after acquiring an additional 397 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Gildan Activewear by 61.
8% in the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker’s stock valued at $41,000 after buying an additional 333 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Gildan Activewear by 500.
0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 894 shares of the textile maker’s stock worth $42,000 after purchasing an additional 745 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Gildan Activewear by 899.
0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,009 shares of the textile maker’s stock worth $47,000 after acquiring an additional 908 shares during the last quarter. Institutional investors and hedge funds own 82.
83% of the company’s stock. Gildan Activewear Company Profile ( Get Free Report ) 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.
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