Gildan Activewear (TSE:GIL) Sets New 52-Week High at $54.50

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$54.50 and last traded at C$54.38, with a volume of 78849 shares. The stock had previously closed at C$53.64.

Analysts Set New Price Targets

Separately, National Bankshares cut their price objective 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and a consensus price target of C$46.80.

Gildan Activewear Stock Up 0.6 %

The business has a fifty day moving average of C$50.45 and a 200 day moving average of C$47.85. The company has a market capitalization of C$9.09 billion, a PE ratio of 13.31, a PEG ratio of 3.54 and a beta of 1.63. The company has a current ratio of 2.38, a quick ratio of 0.87 and a debt-to-equity ratio of 64.76.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Wednesday, May 1st. The company reported C$0.80 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.08. Gildan Activewear had a return on equity of 26.88% and a net margin of 16.14%. The company had revenue of C$938.04 million during the quarter, compared to analysts’ expectations of C$956.47 million. Equities research analysts anticipate that Gildan Activewear Inc. will post 4.0599002 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 17th were issued a dividend of $0.277 per share. This represents a $1.11 dividend on an annualized basis and a yield of 2.05%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, May 22nd. Gildan Activewear’s dividend payout ratio (DPR) is 28.04%.

Insider Activity

In related news, Director Ghislain Houle acquired 9,625 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was acquired at an average price of C$51.83 per share, for a total transaction of C$498,834.88. In other Gildan Activewear news, Director Ghislain Houle bought 9,625 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of C$51.83 per share, with a total value of C$498,834.88. Also, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$37.06, for a total value of C$161,200.13. Company insiders own 2.17% of the company’s stock.

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.