Gildan Activewear Inc. (TSE:GIL) Receives Average Rating of “Buy” from Brokerages

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$57.20.

Several equities analysts have recently weighed in on the company. National Bankshares increased their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Securities increased their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Citigroup boosted their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Desjardins increased their price objective on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets upgraded shares of Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd.

Gildan Activewear Price Performance

TSE GIL opened at C$68.53 on Friday. Gildan Activewear has a one year low of C$41.32 and a one year high of C$70.15. The stock has a 50-day moving average of C$64.12 and a 200 day moving average of C$56.15. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The company has a market capitalization of C$11.14 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, November 21st. Gildan Activewear’s payout ratio is 33.94%.

Insider Buying and Selling at Gildan Activewear

In other news, Senior Officer Benito Masi sold 50,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. In other Gildan Activewear news, Director Michener Chandlee purchased 736 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of C$67.83 per share, with a total value of C$49,920.57. Also, Senior Officer Benito Masi sold 50,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. Insiders have sold 116,605 shares of company stock valued at $5,910,039 over the last 90 days. 2.26% of the stock is currently owned by corporate insiders.

Gildan Activewear Company Profile

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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.