Gildan Activewear Inc. (TSE:GIL) Receives Consensus Recommendation of “Buy” from Analysts

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$57.20.

Several equities research analysts have recently weighed in on the stock. National Bankshares boosted their target price on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th.

Insider Buying and Selling

In other news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. Also, Senior Officer Jason De Haan sold 15,000 shares of the company’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. Corporate insiders own 2.26% of the company’s stock.

Gildan Activewear Trading Up 0.2 %

TSE GIL opened at C$73.36 on Friday. The stock has a market cap of C$11.93 billion, a P/E ratio of 22.43, a PEG ratio of 4.55 and a beta of 1.64. The company’s fifty day simple moving average is C$68.86 and its 200-day simple moving average is C$63.20. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. Gildan Activewear has a 52 week low of C$43.36 and a 52 week high of C$73.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, October 31st. The company reported C$1.16 earnings per share for the quarter, meeting the consensus estimate of C$1.16. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Equities research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.12%. Gildan Activewear’s dividend payout ratio is currently 33.94%.

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.