The activewear company announced Wednesday that it completed its acquisition of Anvil Holdings, another activewear firm.
"Moreover, we are disappointed Gildan did not raise fiscal 2012 EPS guidance despite a modest 2Q beat, stronger underlying distributor demand and the inherent incremental market share opportunities as HanesBrands ( 28.08) withdraws from the screenprint business," Miller Tabak analysts wrote in a May 3 report. "In our view, the company is facing headwinds in its efforts to increase penetration of the larger retail market, the net effect of which in the short term are higher cotton costs in the current quarter. 2Q EPS guidance of $0.65 a share compares with our original estimate of $0.75."
Forward Annual Dividend Yield: 1.2%
Simon Property Group