Gildan Activewear (TSE:GIL) Sets New 12-Month High – Should You Buy?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$70.43 and last traded at C$70.29, with a volume of 27683 shares. The stock had previously closed at C$69.63.

Analyst Upgrades and Downgrades

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

Gildan Activewear Stock Up 0.5 %

The firm has a market capitalization of C$11.38 billion, a P/E ratio of 21.30, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a fifty day simple moving average of C$66.06 and a 200 day simple moving average of C$57.89. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is 33.94%.

Insiders Place Their Bets

In other news, Senior Officer Rhodri Harries sold 32,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Also, Director Michener Chandlee acquired 736 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of C$67.83 per share, for a total transaction of C$49,920.57. Corporate 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.