Brokerages Set Gildan Activewear Inc. (TSE:GIL) PT at C$88.00

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$88.00.

A number of equities research analysts recently commented on the company. National Bank Financial lifted their price objective on Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Desjardins lifted their price objective on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, TD Securities lifted their price objective on Gildan Activewear from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, February 27th.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at C$77.71 on Thursday. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. Gildan Activewear has a 12 month low of C$62.80 and a 12 month high of C$100.44. The business has a fifty day simple moving average of C$79.61 and a 200 day simple moving average of C$84.56. The stock has a market cap of C$14.39 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 4.55 and a beta of 1.62.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 EPS for the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%.The business had revenue of C$1.62 billion during the quarter. Research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.249 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Gildan Activewear’s payout ratio is 54.85%.

Insiders Place Their Bets

In other Gildan Activewear news, Director Deepak Kumar Khandelwal bought 5,000 shares of Gildan Activewear stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of C$79.80 per share, for a total transaction of C$399,000.00. Following the completion of the acquisition, the director owned 5,000 shares in the company, valued at approximately C$399,000. The trade was a ∞ increase in their position. Corporate insiders own 2.26% of the company’s stock.

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.