Gildan Activewear (TSE:GIL) PT Raised to C$54.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective boosted by Citigroup from C$44.00 to C$54.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on GIL. Desjardins upped their target price on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the company a buy rating in a report on Tuesday, August 6th. TD Securities increased their price objective 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 lifted their target price on Gildan Activewear from C$57.00 to C$58.00 and gave the company an outperform rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets upgraded Gildan Activewear to a strong-buy rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Buy and a consensus target price of C$54.00.

Gildan Activewear Trading Down 1.0 %

GIL opened at C$63.33 on Wednesday. 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$37.12 and a 52 week high of C$64.34. The business’s 50 day moving average is C$58.23 and its two-hundred day moving average is C$52.57. The firm has a market cap of C$10.30 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 4.55 and a beta of 1.65.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. The business had revenue of C$1.18 billion for the quarter, compared to analysts’ expectations of C$1.17 billion. On average, research analysts predict that Gildan Activewear will post 4.5684287 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were issued a $0.28 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is currently 33.84%.

Insider Buying and Selling

In other Gildan Activewear news, Director Michener Chandlee bought 1,196 shares of Gildan Activewear stock in a transaction on Thursday, August 8th. The stock was bought at an average price of C$40.85 per share, with a total value of C$48,856.60. In other Gildan Activewear news, Senior Officer Jason De Haan sold 19,105 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$42.05, for a total transaction of C$803,365.25. Also, Director Michener Chandlee purchased 1,196 shares of Gildan Activewear stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of C$40.85 per share, with a total value of C$48,856.60. Insiders have sold 101,620 shares of company stock valued at $4,870,471 over the last quarter. Company 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.