Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.82.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating and cut their price objective for the stock from $26.00 to $19.00 in a report on Friday, March 27th. Zacks Investment Research cut shares of Gildan Activewear from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Royal Bank of Canada cut their price objective on shares of Gildan Activewear from $15.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, May 11th. TheStreet cut shares of Gildan Activewear from a “c” rating to a “d+” rating in a report on Wednesday, April 29th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $13.00 price target (down previously from $14.00) on shares of Gildan Activewear in a report on Thursday, April 23rd.

Shares of NYSE GIL traded up $0.43 during midday trading on Friday, hitting $15.52. 470,765 shares of the company traded hands, compared to its average volume of 957,962. Gildan Activewear has a 12-month low of $9.42 and a 12-month high of $40.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.35 and a current ratio of 5.41. The stock has a 50-day moving average price of $14.88 and a 200 day moving average price of $20.40. The firm has a market cap of $3.08 billion, a P/E ratio of 23.52, a P/E/G ratio of 6.22 and a beta of 1.35.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Wednesday, April 29th. The textile maker reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). The business had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $481.17 million. Gildan Activewear had a return on equity of 17.38% and a net margin of 5.18%. Gildan Activewear’s revenue for the quarter was down 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. As a group, equities analysts expect that Gildan Activewear will post 0.36 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Gildan Activewear during the fourth quarter valued at approximately $84,114,000. Swiss National Bank lifted its position in Gildan Activewear by 11.7% during the first quarter. Swiss National Bank now owns 798,800 shares of the textile maker’s stock valued at $10,002,000 after purchasing an additional 83,400 shares during the period. Man Group plc lifted its position in Gildan Activewear by 200.3% during the fourth quarter. Man Group plc now owns 160,163 shares of the textile maker’s stock valued at $4,730,000 after purchasing an additional 106,827 shares during the period. The Manufacturers Life Insurance Company lifted its position in Gildan Activewear by 2.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,666,714 shares of the textile maker’s stock valued at $21,007,000 after purchasing an additional 43,820 shares during the period. Finally, AGF Investments Inc. bought a new position in Gildan Activewear during the first quarter valued at approximately $306,000. Institutional investors own 75.39% of the company’s stock.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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Analyst Recommendations for Gildan Activewear (NYSE:GIL)

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