Analysts Set Gildan Activewear Inc. (TSE:GIL) Target Price at C$56.00

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$56.00.

Several equities research analysts have issued reports on the company. Citigroup increased their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. TD Securities increased their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. National Bankshares increased their target price on Gildan Activewear from C$58.00 to C$68.00 in a research report on Wednesday, October 9th. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Desjardins increased their price objective on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th.

Gildan Activewear Price Performance

Shares of TSE GIL opened at C$65.60 on Wednesday. The stock has a fifty day simple moving average of C$61.13 and a two-hundred day simple moving average of C$54.33. Gildan Activewear has a 1-year low of C$37.78 and a 1-year high of C$66.30. The firm has a market cap of C$10.67 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.02. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. The business had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion. Analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were given a dividend of $0.28 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, August 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.71%. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Insider Activity

In related news, Director Michener Chandlee acquired 1,196 shares of Gildan Activewear stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of C$40.85 per share, with a total value of C$48,856.60. In related news, Director Michener Chandlee acquired 1,196 shares of Gildan Activewear stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of C$40.85 per share, with a total value of C$48,856.60. Also, Senior Officer Rhodri Harries sold 32,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$61.20, for a total value of C$1,989,000.00. Over the last three months, insiders have sold 101,620 shares of company stock valued at $4,870,471. 2.26% of the stock is currently owned by insiders.

Gildan Activewear Company Profile

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.