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

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received a consensus rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$56.00.

GIL has been the topic of several research reports. Citigroup upped their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Desjardins upped their price objective on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. TD Securities upped their price objective 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. Finally, National Bankshares upped their price objective on Gildan Activewear from C$58.00 to C$68.00 in a research report on Wednesday, October 9th.

Gildan Activewear Stock Down 0.9 %

Gildan Activewear stock opened at C$64.72 on Wednesday. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The firm has a market capitalization of C$10.52 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear has a fifty-two week low of C$37.78 and a fifty-two week high of C$66.30. The stock’s fifty day moving average is C$61.53 and its two-hundred day moving average is C$54.57.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results 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. The company had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. Analysts predict that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a yield of 1.73%. Gildan Activewear’s dividend payout ratio is 33.94%.

Insider Buying and Selling

In related news, Senior Officer Rhodri Harries sold 32,500 shares of the stock in a transaction dated 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. In other news, Director Michener Chandlee acquired 1,196 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of C$40.85 per share, for a total transaction 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 stock was sold at an average price of C$61.20, for a total value of C$1,989,000.00. Over the last ninety days, insiders have sold 101,620 shares of company stock worth $4,870,471. 2.26% of the stock is owned by company 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.