Gildan Activewear (TSE:GIL) Upgraded at UBS Group

UBS Group upgraded shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

A number of other research analysts have also commented on the company. Citigroup increased their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. National Bankshares raised their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$57.20.

Gildan Activewear Stock Up 3.0 %

Shares of TSE GIL opened at C$69.67 on Friday. Gildan Activewear has a 12-month low of C$41.32 and a 12-month high of C$71.10. The firm’s 50-day simple moving average is C$68.38 and its 200 day simple moving average is C$62.10. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The company has a market cap of C$11.33 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.18%. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of Gildan Activewear stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total transaction of C$1,040,179.14. Also, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is currently owned by corporate 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.