Economy

Brokerages Set Gildan Activewear Inc (GIL) Price Target at $40.08

The original version of this news story can be read at https://www.truebluetribune.com/2017/11/03/apg-asset-management-n-v-acquires-13000-shares-of-gildan-activewear-inc-gil.html. The Causeway Capital Management Llc holds 13.07M shares with $401.76 million value, up from 315,812 last quarter. The company has market cap of $6.50 billion. The stock declined 1.58% or $0.46 reaching $28.73 on the news.

But adjusted earnings per share are now seen in the range of $1.70 to $1.72, compared to $1.51 in the prior year and previous guidance at the high end of $1.60-$1.70. Gildan Activewear Inc (USA) (NYSE:GIL) has declined 3.41% since November 4, 2016 and is downtrending.

Printwear net sales were up 4.1% to $480.7m, with $15.4m from American Apparel, growth in fashion and performance basics, double-digit unit sales volume growth in global markets, and higher net selling prices, partly offset by lower sales of basics. The company was maintained on Tuesday, August 4 by Scotia Capital. About 353,207 shares traded. Flushing Financial Corporation (FFIC) has risen 38.61% since November 3, 2016 and is uptrending. It has outperformed by 451.97% the S&P500.

Among 10 analysts covering DXC Technology (NYSE:DXC), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 42% are positive. The stock of SMA Solar Technology AG (ETR:S92) earned "Buy" rating by Warburg Research on Wednesday, March 9. Piper Jaffray maintained it with "Overweight" rating and $90 target in Friday, May 26 report. The stock has "Neutral" rating by Macquarie Research on Wednesday, November 1. The firm has "Overweight" rating by Barclays Capital given on Thursday, May 25. As per Monday, June 19, the company rating was maintained by RBC Capital Markets. The firm has "Outperform" rating by RBC Capital Markets given on Tuesday, April 4.

While reporting its third-quarter financial results, Gildan Activewear Inc.(GIL, GIL.TO) said it has increased the common share allotment of its current normal course issuer bid or NCIB program. Canaccord Genuity set a $32.00 price objective on shares of Gildan Activewear and gave the stock a "buy" rating in a research report on Friday, July 7th. Therefore 17% are positive. Gildan Activewear Inc. had 28 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets has "Hold" rating and $3100 target. The firm earned "Buy" rating on Friday, July 7 by BMO Capital Markets. Cowen & Co maintained the stock with "Hold" rating in Tuesday, July 18 report.

Gildan Activewear Inc.is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. As per Monday, August 31, the company rating was downgraded by Zacks. The firm earned "Outperform" rating on Friday, October 16 by Credit Suisse. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock.

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