News coverage about Gildan Activewear (NYSE:GIL) (TSE:GIL) has trended somewhat negative on Tuesday, according to Alpha One. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gildan Activewear earned a media sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave media headlines about the textile maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
GIL has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Gildan Activewear from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. TheStreet downgraded shares of Gildan Activewear from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. TD Securities upped their price objective on shares of Gildan Activewear from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, Royal Bank Of Canada upped their price objective on shares of Gildan Activewear from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Gildan Activewear currently has an average rating of “Buy” and a consensus price target of $35.44.
Shares of Gildan Activewear (GIL) traded down 0.42% during trading on Tuesday, hitting $30.77. The stock had a trading volume of 152,132 shares. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 19.54 and a beta of 0.82. Gildan Activewear has a 1-year low of $23.55 and a 1-year high of $32.20. The firm has a 50 day moving average of $28.97 and a 200 day moving average of $26.82.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Wednesday, May 3rd. The textile maker reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Gildan Activewear had a return on equity of 18.09% and a net margin of 13.81%. The company had revenue of $665.40 million during the quarter, compared to the consensus estimate of $664.37 million. Analysts expect that Gildan Activewear will post $1.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Thursday, May 18th were paid a dividend of $0.0935 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.37 annualized dividend and a dividend yield of 1.21%. Gildan Activewear’s dividend payout ratio is currently 23.57%.
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Gildan Activewear Company Profile
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.
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