Shares of Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$57.20.
Several brokerages have issued reports on GIL. UBS Group upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. National Bankshares lifted their target price on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.
Check Out Our Latest Research Report on GIL
Gildan Activewear Price Performance
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last released its earnings results on Thursday, October 31st. The company reported C$1.16 earnings per share for the quarter, hitting the consensus estimate of C$1.16. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.
Gildan Activewear Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.12%. Gildan Activewear’s payout ratio is 33.94%.
Insider Activity
In other news, Director Michener Chandlee bought 736 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of C$67.83 per share, with a total value of C$49,920.57. Also, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total transaction of C$693,102.00. Corporate 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.
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