Gildan Activewear Inc (USA) (GIL) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 35

Gildan Activewear Inc (USA) (GIL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $34 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Gildan Activewear Inc (USA). Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 30 from a previous price target of $33 .

On the company’s financial health, Gildan Activewear Inc (USA) reported $0.28 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $593.30 million for the quarter, compared to analysts expectations of $619.72 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Gildan Activewear Inc (USA) closed down -0.76 points or -2.46% at $30.19 with 5,65,026 shares getting traded on Wednesday. Post opening the session at $30.81, the shares hit an intraday low of $29.73 and an intraday high of $30.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Gildan Activewear Inc. (Gildan) supplies branded basic family apparel including T-shirts fleece sport shirts underwear socks hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands including the Gildan Gold Toe Anvil brands and brand extensions Secret Silks Therapy Plus and Kushyfoo as well as under licensing arrangements for the Under Armour Mossy Oak and New Balance brands. It operates in two segments Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States Canada Europe and the Asia-Pacific region.

Gildan Activewear Inc (USA)

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