Brokerages Set Gildan Activewear (GIL) Target Price at $38.67

Gildan Activewear (TSE:GIL) (NYSE:GIL) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$38.67.

A number of research analysts have weighed in on the stock. Desjardins lifted their price target on shares of Gildan Activewear from C$41.00 to C$41.50 in a research report on Friday, June 15th. National Bank Financial reduced their price target on shares of Gildan Activewear from C$44.00 to C$42.00 and set a “sector perform” rating on the stock in a research report on Friday, February 23rd.

Gildan Activewear traded down C$0.51, reaching C$37.70, during midday trading on Friday, MarketBeat reports. 445,462 shares of the company’s stock traded hands, compared to its average volume of 626,525. Gildan Activewear has a fifty-two week low of C$35.72 and a fifty-two week high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported C$0.43 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.02). The business had revenue of C$818.27 million for the quarter, compared to analyst estimates of C$842.61 million. Gildan Activewear had a net margin of 8.41% and a return on equity of 10.70%.

The company also recently announced a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Thursday, May 17th were given a dividend of $0.112 per share. The ex-dividend date was Wednesday, May 16th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.19%.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. 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, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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