Gildan Activewear Inc. (TSE:GIL) Receives Consensus Recommendation of “Buy” from Analysts

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$57.20.

A number of research firms have commented on GIL. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. 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 note on Wednesday, September 25th. TD Securities lifted their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Desjardins increased their price target on shares of 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. Finally, National Bankshares lifted 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.

Insiders Place Their Bets

In related news, Director Michener Chandlee purchased 736 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of C$67.83 per share, with a total value of C$49,920.57. Also, Senior Officer Rhodri Harries sold 32,500 shares of the company’s stock in a transaction 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. 2.26% of the stock is currently owned by insiders.

Gildan Activewear Price Performance

TSE:GIL opened at C$67.68 on Friday. The company has a market capitalization of C$11.01 billion, a P/E ratio of 20.69, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. Gildan Activewear has a 52 week low of C$41.32 and a 52 week high of C$70.15. The stock’s fifty day moving average is C$64.55 and its two-hundred day moving average is C$56.60.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a $0.205 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.21%. Gildan Activewear’s payout ratio is 33.94%.

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.