Gildan Activewear Inc. (TSE:GIL) Given Average Rating of “Buy” by Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$57.20.

A number of equities research analysts recently issued reports on GIL shares. National Bankshares upped their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup increased their target price on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

Gildan Activewear Trading Down 1.4 %

TSE GIL opened at C$69.43 on Thursday. Gildan Activewear has a 1-year low of C$41.32 and a 1-year high of C$71.10. 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 market capitalization of C$11.29 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The firm’s fifty day simple moving average is C$66.80 and its 200-day simple moving average is C$58.74.

Gildan Activewear Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.18%. Gildan Activewear’s payout ratio is presently 33.94%.

Insider Buying and Selling at Gildan Activewear

In related news, Director Michener Chandlee acquired 736 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of C$67.83 per share, for a total transaction of C$49,920.57. Also, Senior Officer Jason De Haan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total transaction of C$1,040,179.14. 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.