Brokerages Set Gildan Activewear Inc. (TSE:GIL) PT at C$54.00

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$54.00.

GIL has been the topic of several recent research reports. BMO Capital Markets raised shares of Gildan Activewear to a “strong-buy” rating in a report on Friday, August 2nd. National Bankshares raised their price objective on Gildan Activewear from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Desjardins boosted 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. Citigroup raised their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Securities boosted 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.

Gildan Activewear Trading Down 1.0 %

TSE GIL opened at C$63.33 on Friday. 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 stock’s 50-day simple moving average is C$58.23 and its two-hundred day simple moving average is C$52.57. Gildan Activewear has a twelve month low of C$37.12 and a twelve month high of C$64.34. The company 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.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. The company had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. Research analysts forecast that Gildan Activewear will post 4.5684287 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

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

Insider Activity at Gildan Activewear

In related news, Director Michener Chandlee purchased 1,196 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of C$40.85 per share, for a total transaction of C$48,856.60. In related news, Director Michener Chandlee acquired 1,196 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired 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 company’s stock in a transaction that occurred on 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. Insiders sold a total of 101,620 shares of company stock worth $4,870,471 over the last quarter. 2.26% of the stock is owned by corporate insiders.

About Gildan Activewear

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.