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

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$77.25.

Several equities analysts recently weighed in on the company. TD Securities increased their target price on Gildan Activewear from C$73.00 to C$74.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. National Bankshares lifted their price target on Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and increased their price objective for the stock from C$60.00 to C$63.00 in a report on Monday, October 20th.

Gildan Activewear Stock Down 0.8%

Shares of TSE GIL opened at C$83.34 on Monday. The firm has a market cap of C$15.43 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 4.55 and a beta of 1.45. 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 has a 1 year low of C$52.77 and a 1 year high of C$87.13. The firm’s 50 day moving average price is C$81.94 and its 200 day moving average price is C$75.42.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The company had revenue of C$1.27 billion for the quarter. As a group, sell-side analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 1.1%. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.39%.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies.