Gildan Activewear (TSE:GIL) Stock Gets Price Target Cut from National Bank Financial

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective reduced by National Bank Financial from C$107.00 to C$98.00 in a report released on Monday morning,BayStreet reports. They currently have an outperform rating on the stock.

Separately, Desjardins set a C$108.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$95.33.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at C$56.58 on Monday. The stock has a fifty day moving average price of C$66.58 and a 200 day moving average price of C$73.94. Gildan Activewear has a 52 week low of C$56.15 and a 52 week high of C$100.44. The firm has a market capitalization of C$10.48 billion, a P/E ratio of 110.94, a PEG ratio of 4.55 and a beta of 1.63. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 145.29.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share for the quarter. The business had revenue of C$1.13 billion for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. Equities research analysts anticipate that Gildan Activewear will post 4.55 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 14th were given a $0.2490 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.00 annualized dividend and a yield of 1.8%. Gildan Activewear’s dividend payout ratio (DPR) is currently 186.27%.

Insider Activity

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the completion of the transaction, the insider owned 2,243 shares in the company, valued at approximately C$170,310.99. This represents a 78.10% decrease in their ownership of the stock. Company insiders own 2.26% of the company’s stock.

About Gildan Activewear

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.