Gildan Activewear Inc. Declares Quarterly Dividend of $0.21 (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.205 per share on Monday, December 16th. This represents a $0.82 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 21st.

Gildan Activewear Price Performance

Shares of TSE:GIL opened at C$69.29 on Friday. The business’s 50 day simple moving average is C$63.11 and its 200-day simple moving average is C$55.50. The firm has a market capitalization of C$11.27 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. Gildan Activewear has a 12 month low of C$39.60 and a 12 month high of C$69.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping the consensus estimate of C$0.99 by C$0.02. The business 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%. As a group, equities analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, Director Michener Chandlee purchased 1,196 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of C$40.85 per share, for a total transaction of C$48,856.60. In other Gildan Activewear news, Senior Officer Jason De Haan sold 19,105 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$42.05, for a total value of C$803,365.25. Also, Director Michener Chandlee acquired 1,196 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of C$40.85 per share, with a total value of C$48,856.60. In the last three months, insiders sold 101,620 shares of company stock worth $4,870,471. Insiders own 2.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GIL. National Bankshares boosted their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Friday. Desjardins upped their target price on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research note on Friday, August 2nd. 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 research note on Wednesday, September 25th. Finally, TD Securities upped their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$57.20.

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.