Gildan Activewear (NYSE:GIL) (TSE:GIL) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$0.53 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of ~$740 million, compared to the consensus revenue estimate of $790.67 million.Gildan Activewear also updated its FY 2019 guidance to $1.65-1.70 EPS.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Gildan Activewear from a buy rating to a hold rating in a research report on Thursday, October 3rd. Citigroup increased their target price on shares of Gildan Activewear from $37.00 to $40.00 and gave the company a neutral rating in a research report on Friday, August 2nd. TD Securities decreased their target price on shares of Gildan Activewear from $45.00 to $44.00 and set a buy rating for the company in a research report on Thursday. Desjardins raised shares of Gildan Activewear from a hold rating to a buy rating in a research report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Gildan Activewear from a buy rating to a hold rating in a research report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $34.50.
Shares of GIL stock traded down $0.02 during trading hours on Thursday, hitting $35.26. 224,866 shares of the company were exchanged, compared to its average volume of 473,123. The firm has a market cap of $7.19 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.18 and a beta of 0.85. Gildan Activewear has a fifty-two week low of $28.81 and a fifty-two week high of $40.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.68 and a current ratio of 4.33. The company has a 50 day simple moving average of $35.92 and a two-hundred day simple moving average of $37.25.
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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