Analysts Set Gildan Activewear Inc. (TSE:GIL) PT at C$88.00

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$88.00.

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

Gildan Activewear Stock Performance

Shares of TSE GIL opened at C$85.13 on Monday. The stock’s fifty day simple moving average is C$80.26 and its 200 day simple moving average is C$84.70. The stock has a market capitalization of C$15.76 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 4.55 and a beta of 1.49. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. Gildan Activewear has a 52-week low of C$62.80 and a 52-week high of C$100.44.

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

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear’s payout ratio is presently 54.85%.

Insider Transactions at Gildan Activewear

In other Gildan Activewear news, Director Deepak Kumar Khandelwal bought 5,000 shares of Gildan Activewear stock in a transaction dated Monday, May 11th. The stock was bought at an average price of C$79.80 per share, for a total transaction of C$399,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$399,000. This trade represents a ∞ increase in their ownership of the stock. 2.26% of the stock is currently owned by company insiders.

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.