Gildan Activewear (TSE:GIL) Hits New 1-Year High at $62.07

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) reached a new 52-week high on Monday . The stock traded as high as C$62.07 and last traded at C$61.96, with a volume of 147075 shares changing hands. The stock had previously closed at C$61.17.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GIL. BMO Capital Markets raised 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 report on Friday, August 2nd. TD Securities raised their price objective on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Desjardins raised their target price 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$54.00.

Gildan Activewear Stock Performance

The firm has a market capitalization of C$10.21 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 4.55 and a beta of 1.65. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. The company has a 50-day moving average of C$57.27 and a 200-day moving average of C$52.03.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion. On average, equities analysts anticipate that Gildan Activewear Inc. will post 4.5683346 earnings per share 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. The ex-dividend date was Thursday, August 22nd. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 1.78%. Gildan Activewear’s dividend payout ratio (DPR) is 34.15%.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Benito Masi sold 50,000 shares of Gildan Activewear stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$41.55, for a total value of C$2,077,495.00. In other news, Director Michener Chandlee bought 1,196 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of C$40.85 per share, with a total value of C$48,856.60. Also, Senior Officer Benito Masi sold 50,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$41.55, for a total value of C$2,077,495.00. In the last ninety days, insiders sold 101,620 shares of company stock valued at $4,870,471. 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.