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

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