Analysts Set Gildan Activewear Inc. (TSE:GIL) Target Price at C$57.20

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average rating of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with 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 ratings on the stock in the last year is C$57.20.

Several equities research analysts recently weighed in on the company. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. National Bankshares lifted their target price on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Insider Transactions at Gildan Activewear

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee acquired 736 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of C$67.83 per share, with a total value of C$49,920.57. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Trading Up 0.1 %

Shares of GIL stock opened at C$73.42 on Friday. Gildan Activewear has a 52-week low of C$43.36 and a 52-week high of C$73.50. The company has a 50-day simple moving average of C$69.09 and a two-hundred day simple moving average of C$63.50. 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 company has a market capitalization of C$11.94 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$1.16 earnings per share for the quarter, hitting the consensus estimate of C$1.16. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. During the same period in the previous year, the company earned $0.99 EPS. Research analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s dividend payout ratio is currently 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.