Gildan Activewear Inc. (TSE:GIL) Given Average Recommendation of “Buy” by Brokerages

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$81.00.

Several brokerages have commented on GIL. National Bankshares upped 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 report on Thursday, October 23rd. Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$60.00 to C$63.00 in a report on Monday, October 20th. Desjardins set a C$95.00 target price on Gildan Activewear and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, TD Securities increased their price target on shares of Gildan Activewear from C$73.00 to C$74.00 and gave the company a “buy” rating in a research report on Thursday, October 30th.

Gildan Activewear Price Performance

Shares of GIL stock opened at C$87.55 on Friday. The firm has a market cap of C$16.21 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 4.55 and a beta of 1.47. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$90.06. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The stock has a 50-day moving average price of C$83.17 and a 200 day moving average price of C$78.80.

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

Gildan Activewear Announces Dividend

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

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.