Gildan Activewear (TSE:GIL) Price Target Raised to C$74.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target increased by National Bankshares from C$68.00 to C$74.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

GIL has been the topic of a number of other research reports. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Citigroup raised their target price on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Desjardins upped their price target on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, TD Securities increased their price objective on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$57.20.

Gildan Activewear Stock Up 1.7 %

Shares of TSE GIL opened at C$69.29 on Friday. The firm has a 50 day moving average price of C$63.11 and a 200 day moving average price of C$55.54. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The stock has a market cap of C$11.27 billion, a P/E ratio of 21.19, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 52-week low of C$39.60 and a 52-week high of C$69.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.02. The business had revenue of C$1.18 billion during the quarter, compared to analysts’ expectations of C$1.17 billion. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. Analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Cuts Dividend

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

Insider Buying and Selling

In other Gildan Activewear news, Director Michener Chandlee purchased 1,196 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of C$40.85 per share, for a total transaction of C$48,856.60. In related news, Director Michener Chandlee purchased 1,196 shares of Gildan Activewear stock in a transaction that occurred on Thursday, August 8th. The stock was purchased 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 that occurred on 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. Over the last 90 days, insiders sold 101,620 shares of company stock worth $4,870,471. 2.26% of the stock is owned by 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.