Gildan Activewear Inc. (TSE:GIL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned an average rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$85.75.

Several equities analysts have recently weighed in on GIL shares. Desjardins increased 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 report on Wednesday, February 25th. TD Securities lifted their target price on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, February 27th.

Gildan Activewear Stock Performance

Shares of TSE GIL opened at C$77.47 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 0.87 and a debt-to-equity ratio of 137.08. The company has a market capitalization of C$14.35 billion, a P/E ratio of 29.68, a P/E/G ratio of 4.55 and a beta of 1.39. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$100.44. The stock has a 50 day moving average of C$89.10 and a 200-day moving average of C$85.12.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share for the quarter. Gildan Activewear had a return on equity of 20.25% and a net margin of 11.00%.The business had revenue of C$1.41 billion for the quarter. As a group, equities research analysts predict 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 13th. Stockholders of record on Monday, April 13th will be issued a dividend of $0.249 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, March 19th. Gildan Activewear’s dividend payout ratio is presently 34.64%.

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.