Analysts Set Gildan Activewear Inc. (TSE:GIL) PT at C$81.00

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$81.00.

A number of analysts have recently issued reports on GIL shares. Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price target for the company from C$60.00 to C$63.00 in a research report on Monday, October 20th. TD Securities raised their price objective on shares of Gildan Activewear from C$73.00 to C$74.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. National Bankshares increased their price objective on Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Desjardins set a C$95.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday, December 19th.

Gildan Activewear Price Performance

Shares of TSE:GIL opened at C$88.68 on Friday. The company has a market capitalization of C$16.42 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 4.55 and a beta of 1.47. The company’s 50-day moving average is C$83.47 and its 200 day moving average is C$78.92. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear has a fifty-two week low of C$52.77 and a fifty-two week high of C$90.06.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. The firm had revenue of C$1.27 billion for the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. On average, equities research analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.226 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 annualized dividend and a dividend yield of 1.0%. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.39%.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.