Gildan Activewear Inc. (GIL) to Issue Quarterly Dividend of $0.21 on December 16th

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Thursday, November 21st,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.205 per share on Monday, December 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 21st.

Gildan Activewear Stock Up 0.2 %

TSE GIL opened at C$68.14 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. Gildan Activewear has a fifty-two week low of C$41.32 and a fifty-two week high of C$70.15. The business has a 50 day moving average price of C$64.83 and a two-hundred day moving average price of C$56.88. The stock has a market cap of C$11.08 billion, a PE ratio of 20.84, a P/E/G ratio of 4.55 and a beta of 1.64.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GIL shares. TD Securities lifted their price target on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets raised Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Citigroup raised their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. National Bankshares upped their target price on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Desjardins increased their target price on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear has an average rating of “Buy” and a consensus price target of C$57.20.

Insider Activity at Gildan Activewear

In other news, Director Michener Chandlee purchased 736 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was purchased at an average cost of C$67.83 per share, with a total value of C$49,920.57. Also, Senior Officer Rhodri Harries sold 32,500 shares of Gildan Activewear stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$61.20, for a total value of C$1,989,000.00. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.