Gildan Activewear (TSE:GIL) Shares Pass Above Fifty Day Moving Average of $46.51

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$46.51 and traded as high as C$50.14. Gildan Activewear shares last traded at C$49.67, with a volume of 191,141 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Canada downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. National Bankshares increased their price target on Gildan Activewear from C$52.00 to C$58.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Desjardins boosted their price target on Gildan Activewear from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada increased their price objective on Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.00.

Gildan Activewear Price Performance

The company has a current ratio of 2.33, a quick ratio of 0.87 and a debt-to-equity ratio of 55.97. The company has a market capitalization of C$8.38 billion, a P/E ratio of 12.11, a P/E/G ratio of 2.70 and a beta of 1.62. The company has a 50 day moving average price of C$46.51 and a 200 day moving average price of C$44.17.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.99 by C$0.03. The firm had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.02 billion. Gildan Activewear had a net margin of 16.70% and a return on equity of 27.79%. On average, equities analysts predict that Gildan Activewear Inc. will post 3.9991259 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Monday, April 8th will be issued a $0.275 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $1.10 annualized dividend and a yield of 2.21%. The ex-dividend date is Tuesday, March 12th. Gildan Activewear’s dividend payout ratio is currently 26.83%.

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.