Janney Comments Gildan Activewear (GIL) Q4
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Price: $41.23 -0.46%
Rating Summary:
5 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
5 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade GIL Now!
Yesterday Gildan Activewear (NYSE: GIL) reported Q4 earnings that were in-line with estimates.
Commenting on the results, analysts at Janney said "We are encouraged by new branded program wins, and while we believe near-term visibility to a normalizing earnings trajectory remains decent, some longer term structural questions remain."
More than any apparel manufacturer, Gildan has been impacted by the severe spike in cotton, thinks analyst Eric Tracy. As the headwinds shifts to tailwinds, gross margins could see upside. In order to capitalize the company needs to make further inroads into the activewear and underwear market in mass retail. They also need to manage capacity to adjust for changing demand levels.
Janney has a Neutral rating on Gildan Activewear (NYSE: GIL) with a revised price target of $36.00 (from $35.00)
For an analyst ratings summary and ratings history on Gildan Activewear click here. For more ratings news on Gildan Activewear click here.
Shares of Gildan Activewear closed at $34.13 yesterday, with a 52 week range of $16.32-$35.11.
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Commenting on the results, analysts at Janney said "We are encouraged by new branded program wins, and while we believe near-term visibility to a normalizing earnings trajectory remains decent, some longer term structural questions remain."
More than any apparel manufacturer, Gildan has been impacted by the severe spike in cotton, thinks analyst Eric Tracy. As the headwinds shifts to tailwinds, gross margins could see upside. In order to capitalize the company needs to make further inroads into the activewear and underwear market in mass retail. They also need to manage capacity to adjust for changing demand levels.
Janney has a Neutral rating on Gildan Activewear (NYSE: GIL) with a revised price target of $36.00 (from $35.00)
For an analyst ratings summary and ratings history on Gildan Activewear click here. For more ratings news on Gildan Activewear click here.
Shares of Gildan Activewear closed at $34.13 yesterday, with a 52 week range of $16.32-$35.11.
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