Gildan Activewear Inc. (TSE:GIL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$88.00.

A number of analysts recently issued reports on the company. TD Securities increased their target price on Gildan Activewear from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Desjardins raised their price target on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, National Bank Financial raised their target price on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research note on Friday, May 1st.

Insider Buying and Selling at Gildan Activewear

In other news, Director Deepak Kumar Khandelwal bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at C$399,000. This represents a ∞ increase in their ownership of the stock. Corporate insiders own 2.26% of the company’s stock.

Gildan Activewear Stock Performance

Shares of TSE:GIL opened at C$78.45 on Thursday. The company has a market capitalization of C$14.53 billion, a price-to-earnings ratio of 46.42, a P/E/G ratio of 4.55 and a beta of 1.62. The firm’s 50 day simple moving average is C$79.31 and its 200 day simple moving average is C$84.48. The company has a debt-to-equity ratio of 147.07, a current ratio of 2.35 and a quick ratio of 0.87. Gildan Activewear has a fifty-two week low of C$62.80 and a fifty-two week high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 earnings per share for the quarter. The business had revenue of C$1.62 billion for the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. As a group, sell-side analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Gildan Activewear’s dividend payout ratio (DPR) is currently 54.85%.

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.