Gildan Activewear (TSE:GIL) Given New C$58.00 Price Target at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target raised by National Bankshares from C$57.00 to C$58.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on GIL. TD Securities upped their price target on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a buy rating in a research report on Friday. Desjardins raised their target price on shares of Gildan Activewear from C$55.00 to C$63.00 and gave the company a buy rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$53.00.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$57.30 on Friday. Gildan Activewear has a 12 month low of C$36.42 and a 12 month high of C$58.00. The company’s fifty day simple moving average is C$52.76 and its 200-day simple moving average is C$49.07. The firm has a market cap of C$9.66 billion, a PE ratio of 14.22, a P/E/G ratio of 3.54 and a beta of 1.63. The company has a quick ratio of 0.87, a current ratio of 2.38 and a debt-to-equity ratio of 64.76.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 22nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.04%.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Rhodri Harries sold 28,698 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$39.00, for a total value of C$1,119,222.00. In other news, Senior Officer Rhodri Harries sold 28,698 shares of Gildan Activewear stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$39.00, for a total value of C$1,119,222.00. Also, Director Ghislain Houle acquired 9,625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of C$51.83 per share, with a total value of C$498,834.88. 2.17% of the stock is currently owned by 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.