Gildan Activewear, Inc. (GIL) Given “Buy” Rating at BMO Capital Markets

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $34.00 price objective on the textile maker’s stock. BMO Capital Markets’ price objective indicates a potential upside of 7.32% from the stock’s previous close.

Several other analysts have also commented on GIL. CIBC upgraded shares of Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Canaccord Genuity set a $32.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Friday, July 7th. Royal Bank Of Canada lowered shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 price objective for the company. in a report on Tuesday, July 11th. Finally, National Bank Financial lowered shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating in a report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.14.

Shares of Gildan Activewear (NYSE GIL) traded up 0.96% on Friday, hitting $31.68. The stock had a trading volume of 246,725 shares. Gildan Activewear has a 1-year low of $23.55 and a 1-year high of $31.87. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 19.18 and a beta of 0.69. The firm has a 50 day moving average of $31.11 and a 200-day moving average of $29.83.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, August 3rd. The textile maker reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a net margin of 14.16% and a return on equity of 18.65%. The business had revenue of $715.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same period last year, the business posted $0.41 earnings per share. Gildan Activewear’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Gildan Activewear will post $1.70 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Gildan Activewear, Inc. (GIL) Given “Buy” Rating at BMO Capital Markets” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2017/10/20/gildan-activewear-inc-gil-given-buy-rating-at-bmo-capital-markets.html.

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its stake in Gildan Activewear by 1.2% in the 1st quarter. Comerica Bank now owns 13,687 shares of the textile maker’s stock worth $384,000 after purchasing an additional 164 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Gildan Activewear by 9.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,414 shares of the textile maker’s stock worth $103,000 after purchasing an additional 303 shares in the last quarter. US Bancorp DE lifted its stake in Gildan Activewear by 24.2% in the 1st quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock worth $101,000 after purchasing an additional 725 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Gildan Activewear by 19.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,733 shares of the textile maker’s stock worth $146,000 after purchasing an additional 76

Several other analysts have also commented on GIL. CIBC upgraded shares of Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Canaccord Genuity set a $32.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Friday, July 7th. Royal Bank Of Canada lowered shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 price objective for the company. in a report on Tuesday, July 11th. Finally, National Bank Financial lowered shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating in a report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.14.

Shares of Gildan Activewear (NYSE GIL) traded up 0.96% on Friday, hitting $31.68. The stock had a trading volume of 246,725 shares. Gildan Activewear has a 1-year low of $23.55 and a 1-year high of $31.87. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 19.18 and a beta of 0.69. The firm has a 50 day moving average of $31.11 and a 200-day moving average of $29.83.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, August 3rd. The textile maker reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a net margin of 14.16% and a return on equity of 18.65%. The business had revenue of $715.40 million during the quarter, compared to analyst estimates of $753.85 million. During the same period last year, the business posted $0.41 earnings per share. Gildan Activewear’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Gildan Activewear will post $1.70 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Gildan Activewear, Inc. (GIL) Given “Buy” Rating at BMO Capital Markets” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2017/10/20/gildan-activewear-inc-gil-given-buy-rating-at-bmo-capital-markets.html.

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its stake in Gildan Activewear by 1.2% in the 1st quarter. Comerica Bank now owns 13,687 shares of the textile maker’s stock worth $384,000 after purchasing an additional 164 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Gildan Activewear by 9.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,414 shares of the textile maker’s stock worth $103,000 after purchasing an additional 303 shares in the last quarter. US Bancorp DE lifted its stake in Gildan Activewear by 24.2% in the 1st quarter. US Bancorp DE now owns 3,718 shares of the textile maker’s stock worth $101,000 after purchasing an additional 725 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Gildan Activewear by 19.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,733 shares of the textile maker’s stock worth $146,000 after purchasing an additional 765 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in Gildan Activewear by 33.1% in the 2nd quarter. Global X Management Co. LLC now owns 3,591 shares of the textile maker’s stock worth $110,000 after purchasing an additional 893 shares in the last quarter. Institutional investors and hedge funds own 72.55% of the company’s stock.

About Gildan Activewear

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 (NYSE:GIL)

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