Gildan Activewear Inc. (TSE:GIL) Receives Consensus Recommendation of “Buy” from Analysts

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$57.20.

GIL has been the subject of several recent research reports. National Bankshares boosted their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup boosted their price target on shares of 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.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at C$67.82 on Thursday. The business has a 50-day simple moving average of C$67.12 and a 200 day simple moving average of C$59.21. Gildan Activewear has a one year low of C$41.32 and a one year high of C$71.10. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. The firm has a market capitalization of C$11.03 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, November 21st. Gildan Activewear’s payout ratio is 33.94%.

Insider Buying and Selling at Gildan Activewear

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

About Gildan Activewear

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.