Gildan Activewear (TSE:GIL – Free Report) (NYSE:GIL) had its target price upped by TD Securities from C$46.00 to C$50.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
GIL has been the subject of several other reports. National Bankshares reduced their price target on Gildan Activewear from C$58.00 to C$57.00 and set an outperform rating for the company in a research report on Friday, May 24th. Desjardins boosted their price objective on Gildan Activewear from C$55.00 to C$63.00 and gave the company a buy rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$53.00.
Check Out Our Latest Stock Analysis on GIL
Gildan Activewear Price Performance
Gildan Activewear Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. Gildan Activewear’s payout ratio is presently 28.04%.
Insider Activity
In other news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total value of C$161,200.13. In other news, Senior Officer Rhodri Harries sold 28,698 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$39.00, for a total value of C$1,119,222.00. Also, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total transaction of C$161,200.13. 2.17% of the stock is owned by company 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.
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