Gildan Activewear (TSE:GIL) Given New C$72.00 Price Target at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective lowered by National Bankshares from C$83.00 to C$72.00 in a report released on Monday,BayStreet.CA reports.

Several other equities analysts have also weighed in on GIL. Desjardins upped their price objective on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, February 20th. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$65.75.

Gildan Activewear Trading Down 0.8 %

Shares of GIL stock opened at C$56.48 on Monday. The stock has a 50-day moving average of C$66.34 and a 200-day moving average of C$68.04. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The stock has a market cap of C$6.13 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 1-year low of C$44.23 and a 1-year high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities research analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, April 7th were issued a dividend of $0.226 per share. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Wednesday, March 12th. Gildan Activewear’s payout ratio is currently 29.76%.

Insider Activity

In related news, Senior Officer Rhodri Harries sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total transaction of C$7,808,000.00. Also, Senior Officer Michael Schroeder sold 4,299 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68. Insiders have sold 110,144 shares of company stock worth $8,568,586 over the last 90 days. 2.26% of the stock is currently owned by corporate insiders.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.