Gildan Activewear Inc. (TSE:GIL) Receives C$68.50 Average PT from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$68.50.

Several analysts recently issued reports on the stock. National Bankshares boosted their target price on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Desjardins raised their target price on Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a report on Thursday, February 20th.

Gildan Activewear Stock Up 0.0 %

Shares of Gildan Activewear stock opened at C$66.85 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. Gildan Activewear has a twelve month low of C$44.23 and a twelve month high of C$79.11. The company has a market cap of C$7.26 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company’s 50 day moving average is C$72.81 and its 200 day moving average is C$68.32.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period in the prior year, the company posted $0.75 EPS. Research analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, April 7th will be given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.35%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is presently 29.76%.

Insider Buying and Selling

In other news, Senior Officer John Maness sold 1,661 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total value of C$114,234.28. Also, Senior Officer Michael Schroeder sold 4,299 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68. In the last quarter, insiders sold 110,144 shares of company stock valued at $8,568,586. Company insiders own 2.26% of the company’s stock.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.