Gildan Activewear (NYSE:GIL) (TSE:GIL) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.65-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.97. Gildan Activewear also updated its Q3 2019 guidance to $0.53-0.53 EPS.
Several brokerages recently commented on GIL. TD Securities reduced their target price on Gildan Activewear from $45.00 to $44.00 and set a buy rating on the stock in a report on Thursday. ValuEngine cut Gildan Activewear from a buy rating to a hold rating in a report on Tuesday, August 6th. Desjardins upgraded Gildan Activewear from a hold rating to a buy rating in a report on Friday, August 2nd. Citigroup upped their target price on Gildan Activewear from $37.00 to $40.00 and gave the company a neutral rating in a report on Friday, August 2nd. Finally, Zacks Investment Research cut Gildan Activewear from a buy rating to a hold rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Gildan Activewear presently has an average rating of Buy and an average target price of $34.50.
GIL traded down $0.02 during trading on Thursday, hitting $35.26. The company’s stock had a trading volume of 224,866 shares, compared to its average volume of 473,123. Gildan Activewear has a twelve month low of $28.81 and a twelve month high of $40.40. The company has a quick ratio of 1.68, a current ratio of 4.33 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average price is $35.94 and its 200-day moving average price is $37.25. The firm has a market capitalization of $7.19 billion, a P/E ratio of 18.96, a PEG ratio of 1.18 and a beta of 0.85.
Gildan Activewear Company Profile
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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