Brokerages Set Gildan Activewear Inc. (TSE:GIL) Price Target at C$57.20

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$57.20.

A number of equities analysts have recently issued reports on GIL shares. Citigroup increased their price objective on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. 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.

Gildan Activewear Stock Up 0.7 %

Shares of TSE GIL opened at C$67.76 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The firm has a market cap of C$11.02 billion, a PE ratio of 20.72, a P/E/G ratio of 4.55 and a beta of 1.64. The company’s fifty day simple moving average is C$68.34 and its 200 day simple moving average is C$61.56. Gildan Activewear has a 12-month low of C$41.32 and a 12-month high of C$71.10.

Gildan Activewear Cuts Dividend

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

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee acquired 736 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is currently owned by insiders.

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.