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

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

Other research analysts have also recently issued research reports about the company. BMO Capital Markets upgraded Gildan Activewear to a strong-buy rating in a research note on Friday, August 2nd. National Bankshares boosted their price target on Gildan Activewear from C$57.00 to C$58.00 and gave the stock an outperform rating in a research report on Friday, August 2nd. TD Securities upped their price target on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a buy rating in a report on Friday, August 2nd. Finally, Desjardins lifted their price objective on shares of 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. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of C$54.00.

Gildan Activewear Trading Down 1.0 %

TSE GIL opened at C$63.33 on Wednesday. The firm has a market capitalization of C$10.30 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 4.55 and a beta of 1.65. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. Gildan Activewear has a one year low of C$37.12 and a one year high of C$64.34. The company’s 50 day moving average price is C$58.42 and its 200 day moving average price is C$52.65.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued 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. The business had revenue of C$1.18 billion for the quarter, compared to the consensus estimate of C$1.17 billion. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. On average, sell-side analysts predict that Gildan Activewear will post 4.5684287 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, August 22nd. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. Gildan Activewear’s dividend payout ratio (DPR) is 33.84%.

Insider Buying and Selling at Gildan Activewear

In related news, Director Michener Chandlee purchased 1,196 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of C$40.85 per share, with a total value of C$48,856.60. In related news, Senior Officer Rhodri Harries sold 32,500 shares of the business’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. Also, Director Michener Chandlee acquired 1,196 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of C$40.85 per share, for a total transaction of C$48,856.60. Insiders have sold a total of 101,620 shares of company stock valued at $4,870,471 in the last three months. Corporate insiders own 2.26% of the company’s stock.

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.