Gildan Activewear Inc. (NYSE:GIL)‘s stock had its “hold” rating reiterated by Brean Capital in a research report issued to clients and investors on Thursday.
A number of hedge funds and institutional investors have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. increased its position in shares of Gildan Activewear by 7.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 9,230 shares of the company’s stock valued at $271,000 after buying an additional 600 shares during the last quarter. Poplar Forest Capital LLC increased its position in shares of Gildan Activewear by 3.9% in the fourth quarter. Poplar Forest Capital LLC now owns 58,900 shares of the company’s stock valued at $1,674,000 after buying an additional 2,200 shares during the last quarter. Addenda Capital Inc. increased its position in shares of Gildan Activewear by 0.9% in the first quarter. Addenda Capital Inc. now owns 903,940 shares of the company’s stock valued at $27,746,000 after buying an additional 7,890 shares during the last quarter. New England Research & Management Inc. purchased a new position in shares of Gildan Activewear during the second quarter valued at $285,000. Finally, AXA increased its position in shares of Gildan Activewear by 726.7% in the first quarter. AXA now owns 12,400 shares of the company’s stock valued at $380,000 after buying an additional 10,900 shares during the last quarter.
Several other equities research analysts have also commented on GIL. Zacks Investment Research lowered shares of Gildan Activewear from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. RBC Capital Markets restated an “outperform” rating and set a $45.00 target price on shares of Gildan Activewear in a research report on Wednesday, July 20th. Raymond James Financial Inc. restated a “strong-buy” rating and set a $35.00 target price on shares of Gildan Activewear in a research report on Thursday, July 21st. Royal Bank Of Canada boosted their target price on shares of Gildan Activewear from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 26th. Finally, National Bank Financial restated an “outperform” rating and set a $43.00 target price (up from $42.00) on shares of Gildan Activewear in a research report on Friday, May 6th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $36.64.
Gildan Activewear (NYSE:GIL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $689 million for the quarter, compared to analysts’ expectations of $697.92 million. Gildan Activewear’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, analysts forecast that Gildan Activewear will post $1.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Thursday, August 11th will be paid a $0.078 dividend. This represents a $0.31 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, August 9th.
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.
