Gildan Activewear Inc (GIL) Receives Average Recommendation of "Buy" from Analysts

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The company's stock had a trading volume of 467,751 shares. The legal version of this article can be viewed at https://baseballnewssource.com/markets/td-securities-reaffirms-buy-rating-for-gildan-activewear-inc-gil-updated-updated-updated/694416.html.

Other equities research analysts have also recently issued reports about the company. Healthcor Management Lp acquired 966,220 shares as Quest Diagnostics Inc (DGX)'s stock rose 10.72%. Lombard Odier & Cie Canada Limited Partnership acquired a new stake in Gildan Activewear during the third quarter valued at $224,000. Sumitomo Mitsui Trust Inc accumulated 0.06% or 411,056 shares. Guardian Capital LP now owns 6,556,593 shares of the textile maker's stock worth $166,466,000 after buying an additional 837,450 shares in the last quarter. DA Davidson reaffirmed a "neutral" rating on shares of Gildan Activewear in a research report on Thursday, May 4th. The stock was sold at an average price of C$35.10, for a total value of C$91,260.00. The company has a market capitalization of $8.92 billion and a price-to-earnings ratio of 25.16. The stock of Gildan Activewear Inc (USA) (NYSE:GIL) has "Outperform" rating given on Tuesday, August 4 by Scotia Capital. The textile maker reported $0.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.04. The firm had revenue of $665.40 million for the quarter, compared to the consensus estimate of $664.37 million. Gildan Activewear had a net margin of 13.38% and a return on equity of 16.67%. On average, analysts anticipate that Gildan Activewear Inc will post $1.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, June 12th will be issued a $0.0935 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, May 16th. Gildan Activewear's dividend payout ratio is now 21.68%.

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In other Gildan Activewear news, Director Anthony Frank Corsano sold 32,347 shares of the firm's stock in a transaction on Thursday, May 11th. Finally, Zacks Investment Research downgraded Gildan Activewear from a "buy" rating to a "hold" rating in a report on Monday, May 1st. As per Friday, April 28, the company rating was maintained by TD Securities.

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) has been assigned a consensus recommendation of "Buy" from the six brokerages that are now covering the company, MarketBeat Ratings reports. Desjardins raised their price target on Gildan Activewear from C$38.00 to C$42.00 in a research report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$42.50.

Gildan Activewear Inc.is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear.

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