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

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$64.00.

A number of research analysts have commented on the stock. Desjardins cut their target price on shares of Gildan Activewear from C$87.00 to C$80.00 and set a “buy” rating on the stock in a research report on Wednesday. National Bankshares lowered their target price on Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. UBS Group raised Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Barclays upgraded Gildan Activewear to a “strong-buy” rating in a research note on Monday, April 28th.

Insider Buying and Selling at Gildan Activewear

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

Gildan Activewear Stock Up 2.8 %

Shares of TSE GIL opened at C$65.45 on Friday. Gildan Activewear has a 52-week low of C$44.26 and a 52-week high of C$79.11. The firm has a market capitalization of C$7.11 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 4.55 and a beta of 1.64. The stock has a 50 day moving average price of C$63.71 and a 200 day moving average price of C$67.76. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share 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 period in the previous year, the business posted $0.75 earnings per share. Sell-side analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.90 annualized dividend and a yield of 1.38%. Gildan Activewear’s dividend payout ratio (DPR) is 29.76%.

Gildan Activewear Company Profile

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.