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

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$57.20.

A number of analysts have recently issued reports on the company. National Bankshares lifted their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup raised their price objective on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th.

Insider Transactions at Gildan Activewear

In other Gildan Activewear news, Director Michener Chandlee purchased 736 shares of Gildan Activewear stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of C$67.83 per share, for a total transaction of C$49,920.57. Also, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Trading Up 0.7 %

Shares of Gildan Activewear stock opened at C$67.76 on Monday. The company’s 50-day moving average price is C$68.34 and its 200-day moving average price is C$61.56. The company has a market cap of C$11.02 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 12-month low of C$41.32 and a 12-month high of C$71.10. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52.

Gildan Activewear Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

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.