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Stock impact report

Stifel Stays Bullish on Gildan Activewear (GIL) Stock [Yahoo! Finance]

Gildan Activewear, Inc. Class A Sub. Vot. (GIL) 
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: gildancorp.com/investors-landing-page
Company Research Source: Yahoo! Finance
27, Stifel Nicolaus analyst Martin Landry reiterated a Buy rating on Gildan Activewear Inc. (NYSE:GIL) with a price target of $80. In addition to Stifel Nicolaus, TD Cowen Securities also kept its Buy rating on Gildan Activewear Inc. (NYSE:GIL) on February 27. The firm raised its price target on the stock from $77 to $80. It revised its price target after updating its model based on the company's fourth-quarter earnings. Gildan Activewear Inc. (NYSE:GIL) posted its fourth quarter results on February 26. The company reported Non-GAAP EPS of $0.96, slightly above estimates by $0.01. Revenue for the quarter came in at $1.08 billion, reflecting a 31.4% year-over-year increase and beating consensus estimates by $20 million. Operating cash flows rose 59.8%, marking a 20.9% increase from the last year. While free cash flows jumped 46.4% year-over-year. During the quarter, the company returned $33 million to shareholders through dividends and share repurchases. Additionally, it announce Show less Read more
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