Analysts Set Gildan Activewear Inc (GIL) PT at $39.21

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$39.21.

GIL has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Gildan Activewear from C$34.00 to C$37.00 in a research note on Friday, December 15th. National Bank Financial dropped their price target on shares of Gildan Activewear from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd.

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GIL stock opened at C$36.86 on Friday. Gildan Activewear has a 52-week low of C$34.98 and a 52-week high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.39. The firm had revenue of C$830.25 million during the quarter, compared to the consensus estimate of C$804.95 million. Gildan Activewear had a net margin of 8.41% and a return on equity of 10.70%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 8th were given a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, March 7th.

In other news, insider Benito Masi sold 12,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of C$37.45, for a total transaction of C$449,400.00. Also, insider Eric Ralph Lehman sold 20,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of C$29.00, for a total transaction of C$580,000.00.

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Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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