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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$57.20.

A number of research analysts recently commented on GIL shares. Citigroup upped their price target 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. National Bankshares upped their target price on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Gildan Activewear Stock Up 0.5 %

GIL stock opened at C$67.59 on Monday. Gildan Activewear has a 1-year low of C$41.32 and a 1-year high of C$71.10. The business’s 50 day simple moving average is C$68.15 and its 200 day simple moving average is C$61.02. 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 firm has a market capitalization of C$10.99 billion, a PE ratio of 20.67, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.82 annualized dividend and a dividend yield of 1.21%. Gildan Activewear’s dividend payout ratio is presently 33.94%.

Insider Activity

In other news, Senior Officer Jason De Haan sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total transaction of C$1,040,179.14. Also, Director Michener Chandlee acquired 736 shares of the stock in a transaction on Monday, November 4th. The shares were purchased at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is owned by company 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.