Gildan Activewear (NYSE:GIL) PT Lowered to $44.00

Gildan Activewear (NYSE:GIL) (TSE:GIL) had its price objective lowered by TD Securities from $45.00 to $44.00 in a research report released on Thursday, October 17th, BayStreet.CA reports. The brokerage currently has a buy rating on the textile maker’s stock.

GIL has been the topic of several other reports. Desjardins upgraded Gildan Activewear from a hold rating to a buy rating in a research report on Friday, August 2nd. Zacks Investment Research lowered Gildan Activewear from a buy rating to a hold rating in a research report on Thursday, October 3rd. ValuEngine lowered Gildan Activewear from a buy rating to a hold rating in a research report on Tuesday, August 6th. Finally, Citigroup raised their price target on Gildan Activewear from $37.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $30.55.

GIL traded up $0.48 during trading on Thursday, reaching $27.21. 518,066 shares of the company were exchanged, compared to its average volume of 601,983. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.32 and a beta of 0.78. The company has a quick ratio of 1.61, a current ratio of 4.18 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $31.28 and its two-hundred day moving average is $36.11. Gildan Activewear has a 12-month low of $23.45 and a 12-month high of $40.40.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $739.70 million for the quarter, compared to analyst estimates of $739.86 million. Gildan Activewear had a return on equity of 17.94% and a net margin of 9.87%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. Equities analysts forecast that Gildan Activewear will post 1.66 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Gildan Activewear by 19.3% in the 1st quarter. FMR LLC now owns 9,830,993 shares of the textile maker’s stock worth $353,485,000 after buying an additional 1,589,389 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Gildan Activewear in the 2nd quarter worth approximately $21,978,000. Royal Bank of Canada lifted its holdings in Gildan Activewear by 9.6% in the 2nd quarter. Royal Bank of Canada now owns 5,569,834 shares of the textile maker’s stock worth $215,443,000 after buying an additional 489,075 shares during the period. Renaissance Group LLC purchased a new position in shares of Gildan Activewear in the 3rd quarter valued at approximately $12,992,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Gildan Activewear by 72.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 832,244 shares of the textile maker’s stock valued at $31,999,000 after purchasing an additional 349,750 shares during the period. Institutional investors and hedge funds own 67.21% of the company’s stock.

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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Analyst Recommendations for Gildan Activewear (NYSE:GIL)

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