Gildan Activewear Inc. (TSE:GIL) Receives C$53.22 Average Price Target from Analysts

Gildan Activewear Inc. (TSE:GILGet Rating) (NYSE:GIL) has been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$53.22.

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price objective on shares of Gildan Activewear from C$48.00 to C$51.00 and gave the stock an “outperform” rating in a report on Thursday, February 24th. National Bankshares cut their price objective on shares of Gildan Activewear from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a report on Wednesday, March 30th. BMO Capital Markets assumed coverage on shares of Gildan Activewear in a report on Thursday, February 24th. They issued a “buy” rating and a C$51.00 price objective on the stock. Finally, Desjardins cut their target price on shares of Gildan Activewear from C$62.00 to C$55.00 in a research note on Thursday, May 5th.

TSE:GIL opened at C$39.30 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 1.28 and a debt-to-equity ratio of 38.10. The firm has a market capitalization of C$7.34 billion and a price-to-earnings ratio of 9.92. The firm’s fifty day simple moving average is C$44.34 and its 200 day simple moving average is C$48.79. Gildan Activewear has a twelve month low of C$38.00 and a twelve month high of C$55.13.

Gildan Activewear (TSE:GILGet Rating) (NYSE:GIL) last posted its earnings results on Wednesday, February 23rd. The company reported C$0.96 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.24. The business had revenue of C$988.74 million for the quarter, compared to analyst estimates of C$913.07 million. On average, analysts predict that Gildan Activewear will post 4.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Investors of record on Thursday, May 26th will be given a dividend of $0.217 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Wednesday, May 25th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.22. Gildan Activewear’s dividend payout ratio is currently 15.92%.

In other news, Director Donald Berg bought 3,000 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was purchased at an average price of C$39.35 per share, for a total transaction of C$118,035.00. Following the transaction, the director now owns 6,000 shares in the company, valued at C$236,070. Also, Director Glenn J. Chamandy sold 42,759 shares of the company’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of C$47.61, for a total transaction of C$2,035,892.82. Following the completion of the transaction, the director now owns 246,341 shares of the company’s stock, valued at approximately C$11,729,083.30.

Gildan Activewear Company Profile (Get Rating)

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

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