Gildan Activewear Inc. (TSE:GIL) Receives C$57.20 Average Price Target from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$57.20.

GIL has been the subject of a number of research reports. BMO Capital Markets raised shares of Gildan Activewear to a “strong-buy” rating in a report on Friday, August 2nd. Citigroup upped their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. TD Securities lifted their target price 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. Desjardins upped their price target on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, National Bankshares lifted their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee acquired 736 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is currently owned by company insiders.

Gildan Activewear Trading Up 0.5 %

Gildan Activewear stock opened at C$68.03 on Friday. Gildan Activewear has a 52-week low of C$41.32 and a 52-week high of C$70.15. The company has a market cap of C$11.06 billion, a P/E ratio of 20.80, a P/E/G ratio of 4.55 and a beta of 1.64. 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 business has a 50-day simple moving average of C$64.83 and a two-hundred day simple moving average of C$56.82.

Gildan Activewear Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is 33.94%.

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.