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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average recommendation of “Buy” by the seven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$56.00.

A number of brokerages recently issued reports on GIL. TD Securities boosted their price target 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. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Desjardins lifted their price objective on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. National Bankshares increased their target price on shares of Gildan Activewear from C$58.00 to C$68.00 in a report on Wednesday, October 9th. Finally, Citigroup upped their price target on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

Insider Activity at Gildan Activewear

In other news, Senior Officer Rhodri Harries sold 32,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$61.20, for a total value of C$1,989,000.00. In related news, Senior Officer Rhodri Harries sold 32,500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Also, Senior Officer Benito Masi sold 50,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. Insiders have sold a total of 101,620 shares of company stock valued at $4,870,471 in the last ninety days. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Price Performance

GIL stock opened at C$65.57 on Wednesday. Gildan Activewear has a 52 week low of C$37.78 and a 52 week high of C$66.30. The firm has a market capitalization of C$10.66 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a fifty day simple moving average of C$60.62 and a two-hundred day simple moving average of C$54.05. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.02. The firm had revenue of C$1.18 billion for the quarter, compared to the consensus estimate of C$1.17 billion. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. Analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a dividend of $0.28 per share. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, August 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.71%. Gildan Activewear’s dividend payout ratio is presently 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.