Gildan Activewear Inc. (TSE:GIL) Given Average Rating of “Buy” by Analysts

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been assigned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$57.20.

A number of research analysts have commented on the company. Citigroup boosted their target price 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 boosted their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Insider Activity

In other news, Senior Officer Jason De Haan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total transaction of C$1,040,179.14. Also, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is currently owned by company insiders.

Gildan Activewear Trading Up 0.7 %

Shares of TSE:GIL opened at C$67.76 on Monday. The firm has a fifty day moving average of C$68.34 and a two-hundred day moving average of C$61.56. 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 12-month low of C$41.32 and a 12-month high of C$71.10. The firm has a market capitalization of C$11.02 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is 33.94%.

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.