Gildan Activewear, Inc. Class A (NYSE:GIL).
On February 25 Stifel Nicolaus maintained a stock rating of “Buy” but lowered the price target from $36.00 to $32.00. On October 26 the stock rating was downgraded from “Buy” to “Neutral” in a report issued by DA Davidson.
Brean Capital released its first research report on the stock with an initial rating of “Hold”. Credit Suisse both downgraded the stock and raised the price target on August 4 boosting the price target from $42.00 to $45.00 and moving the rating from “Outperform” to “Neutral”.
On August 4 the company was downgraded to “Neutral” from “Outperform” and a price target of $45.00 was set by Credit Suisse.
The company is now up by 0.89 percent from yesterday’s close. Gildan Activewear, Inc. Class A recently announced a dividend which was paid on Monday June 12th, 2017. The dividend was $0.078 per share for the quarter which comes to $0.31 on an annualized basis. This dividend amount represented a yeild of $1.19. The ex-dividend date was set for Tuesday the 16th of May 2017.
Shares of the company are trading at $30.52 just above the 50 day moving average which is $29.59 and a tad above the 200 day moving average of $27.04. The 50 day moving average was up $0.93 and the 200 day average was up $3.48.
Gildan Activewear Inc., launched on May 8, 1984, 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 Company sells its products under various brands, including the Gildan, Gold Toe, Anvil, Comfort Colors, American Apparel, Alstyle, Secret, Silks, Kushyfoot, Secret Silky, Therapy Plus, Peds, and MediPeds brands. The Company also distributes some of its sock products through its the United States sock license for the Under Armour brand, and it also markets an array of products through a global license for the Mossy Oak brand. The Business’s products are sold in the printwear and retail markets. The Company distributes its products in printwear markets in the United States, Canada, Mexico, Europe, Asia-Pacific and Latin America. In retail markets, the Company sells its products to a range of retailers primarily in the United States and Canada, and it also manufactures for global athletic and lifestyle consumer brands..
The company’s P/E ratio is 19.38 and the market cap of the company is 6.87B. As of the last earnings report the EPS was $1.58 and is projected to be $1.68 for the current year with 225,119,000 shares presently outstanding. Next quarter’s EPS is expected be $0.53 with next year’s EPS projected to be $1.86.