Gildan Activewear Inc. (TSE:GIL) Receives C$57.20 Consensus Target Price from Analysts

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$57.20.

A number of equities research analysts recently commented on GIL shares. National Bankshares raised 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 research report on Friday, November 1st. Citigroup raised their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

Insider Activity at Gildan Activewear

In related news, Senior Officer Jason De Haan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee bought 736 shares of the company’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is currently owned by company insiders.

Gildan Activewear Stock Up 1.9 %

GIL stock opened at C$67.65 on Monday. The stock has a market capitalization of C$11.00 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a fifty day moving average of C$68.27 and a 200-day moving average of C$61.35. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. Gildan Activewear has a one year low of C$41.32 and a one year high of C$71.10.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is 33.94%.

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.