Desjardins Analysts Give Gildan Activewear (TSE:GIL) a C$108.00 Price Target

Desjardins set a C$108.00 price objective on Gildan Activewear (TSE:GIL) (NYSE:GIL) in a research report sent to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, National Bank Financial lifted their price target on Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and an average price target of C$88.00.

Gildan Activewear Stock Up 2.1%

Gildan Activewear stock opened at C$73.37 on Tuesday. The company’s 50-day moving average price is C$76.52 and its two-hundred day moving average price is C$82.21. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. The stock has a market cap of C$13.59 billion, a P/E ratio of 43.41, a P/E/G ratio of 4.55 and a beta of 1.50. Gildan Activewear has a twelve month low of C$63.41 and a twelve month high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%.The company had revenue of C$1.13 billion during the quarter. As a group, analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.249 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.4%. Gildan Activewear’s payout ratio is 54.85%.

Insiders Place Their Bets

In other Gildan Activewear news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$399,000. This trade represents a ∞ increase in their position. 2.26% of the stock is owned by company insiders.

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.