Gildan Activewear (GIL) Price Target Raised to C$37.00 at Stifel Nicolaus
GIL has been the topic of a number of other research reports. National Bank Financial increased their price target on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a sector perform rating in a research report on Friday, November 3rd. BMO Capital Markets lowered their price target on Gildan Activewear from C$34.00 to C$30.00 and set a market perform rating on the stock in a research report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of C$39.21.
Gildan Activewear (GIL) traded down C$0.06 during trading on Friday, reaching C$40.76. The company had a trading volume of 2,141,015 shares, compared to its average volume of 680,022. Gildan Activewear has a 12-month low of C$30.97 and a 12-month high of C$42.18.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 16th were given a dividend of $0.121 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.19%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. Gildan Activewear’s dividend payout ratio is currently 16.67%.
In other Gildan Activewear news, insider Jonathan Roiter sold 12,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$38.80, for a total transaction of C$465,600.00. Also, Director Michael Hoffman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total value of C$1,152,300.00. Insiders have sold 99,136 shares of company stock worth $3,813,615 in the last quarter.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.
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