Shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$39.21.
GIL has been the subject of several recent research reports. National Bank Financial reduced their target price on shares of Gildan Activewear from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. Stifel Nicolaus raised their target price on shares of Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th.
Shares of TSE GIL traded down C$0.44 during midday trading on Friday, reaching C$37.16. The company had a trading volume of 554,433 shares, compared to its average volume of 604,890. Gildan Activewear has a 1 year low of C$35.21 and a 1 year high of C$42.18.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 8th were issued a dividend of $0.112 per share. The ex-dividend date was Wednesday, March 7th. This represents a $0.45 annualized dividend and a dividend yield of 1.21%.
In related news, insider Eric Ralph Lehman sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$29.00, for a total transaction of C$580,000.00. Also, insider Benito Masi sold 12,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of C$37.45, for a total transaction of C$449,400.00.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
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