Gildan Activewear Inc. (TSE:GIL) Receives C$57.20 Consensus PT from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned an average rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$57.20.

A number of research firms recently commented on GIL. Citigroup lifted their target price on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. National Bankshares boosted their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Gildan Activewear Price Performance

Shares of TSE GIL opened at C$68.25 on Thursday. Gildan Activewear has a fifty-two week low of C$41.32 and a fifty-two week high of C$71.10. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The company has a market cap of C$11.10 billion, a PE ratio of 20.87, a P/E/G ratio of 4.55 and a beta of 1.64. The business has a 50-day simple moving average of C$67.03 and a two-hundred day simple moving average of C$59.06.

Gildan Activewear Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 21st. Gildan Activewear’s dividend payout ratio is presently 33.94%.

Insider Activity

In related news, Senior Officer Rhodri Harries sold 32,500 shares of Gildan Activewear stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Also, Director Michener Chandlee purchased 736 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was bought at an average cost of C$67.83 per share, with a total value of C$49,920.57. Insiders own 2.26% of the company’s stock.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.