Gildan Activewear Inc. (TSE:GIL) Receives C$88.00 Average PT from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$88.00.

GIL has been the topic of a number of research analyst reports. 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. National Bank Financial increased their price objective on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, TD Securities increased their price objective on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, February 27th.

Insiders Place Their Bets

In other Gildan Activewear news, Director Deepak Kumar Khandelwal purchased 5,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of C$79.80 per share, for a total transaction of C$399,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately C$399,000. The trade was a ? increase in their ownership of the stock. Insiders own 2.26% of the company’s stock.

Gildan Activewear Stock Up 2.2%

Shares of Gildan Activewear stock opened at C$85.13 on Monday. The company has a market cap of C$15.76 billion, a price-to-earnings ratio of 50.37, a price-to-earnings-growth ratio of 4.55 and a beta of 1.49. The company’s 50 day moving average is C$80.26 and its 200 day moving average is C$84.67. Gildan Activewear has a twelve month low of C$62.80 and a twelve month high of C$100.44. 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 (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share for the quarter. The company 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%. Research analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Dividend Announcement

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

About Gildan Activewear

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.