Gildan Activewear Inc. (TSE:GIL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$88.00.

Separately, National Bank Financial upped their price objective on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a report on Friday, May 1st.

Gildan Activewear Trading Up 0.2%

Shares of GIL stock opened at C$72.20 on Friday. The company has a debt-to-equity ratio of 147.07, a quick ratio of 0.87 and a current ratio of 2.35. Gildan Activewear has a 1 year low of C$63.41 and a 1 year high of C$100.44. The stock has a fifty day moving average of C$78.29 and a two-hundred day moving average of C$83.62. The firm has a market capitalization of C$13.37 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 4.55 and a beta of 1.50.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 EPS for the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%.The company had revenue of C$1.62 billion for the quarter. As a group, research analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is currently 54.85%.

Insider Activity

In related news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was 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 acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$399,000. The trade was a ? increase in their position. 2.26% of the stock is owned by company insiders.

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.