Gildan Activewear (TSE:GIL) Price Target Raised to C$77.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price lifted by TD Securities from C$74.00 to C$77.00 in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on GIL. Desjardins set a C$95.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research report on Friday, December 19th. National Bankshares raised their target price on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Citigroup cut Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$60.00 to C$63.00 in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$81.75.

Gildan Activewear Stock Down 0.2%

TSE:GIL opened at C$88.91 on Tuesday. The firm has a market capitalization of C$16.46 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 4.55 and a beta of 1.47. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$93.82. The stock’s 50 day moving average price is C$85.55 and its two-hundred day moving average price is C$80.39. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$1.00 EPS for the quarter. The company had revenue of C$1.27 billion during the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. Equities research analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is currently 28.39%.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.