Gildan Activewear Inc. (TSE:GIL) Given Consensus Rating of “Strong Buy” by Brokerages

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average rating of “Strong Buy” by the eight ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$64.00.

Several analysts recently weighed in on the company. Desjardins decreased their target price on Gildan Activewear from C$87.00 to C$80.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. National Bankshares reduced their price objective on Gildan Activewear from C$83.00 to C$72.00 in a research report on Monday, April 21st. Barclays upgraded Gildan Activewear to a “strong-buy” rating in a research report on Monday, April 28th. Finally, Scotiabank upgraded Gildan Activewear to a “strong-buy” rating in a research report on Wednesday, May 28th.

Gildan Activewear Price Performance

Shares of TSE GIL opened at C$73.07 on Friday. Gildan Activewear has a fifty-two week low of C$52.77 and a fifty-two week high of C$79.11. The business has a 50 day moving average price of C$67.02 and a two-hundred day moving average price of C$67.35. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market cap of C$7.93 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were given a $0.226 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.24%. Gildan Activewear’s dividend payout ratio is currently 29.76%.

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, Senior Officer Benito Masi sold 15,000 shares of Gildan Activewear stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$68.66, for a total transaction of C$1,029,840.00. Also, Senior Officer Juan Carlos Contreras Y. Contreras sold 4,900 shares of Gildan Activewear stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of C$65.00, for a total value of C$318,490.20. Following the transaction, the insider owned 144 shares in the company, valued at approximately C$9,359.71. This represents a 97.15% decrease in their ownership of the stock. 2.26% of the stock is owned by company insiders.

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.