Shares of Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL have been assigned an average recommendation of "Buy" from the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$57.20.
Several research analysts have commented on the stock. Citigroup lifted their price objective on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. National Bankshares lifted their target price on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st.
Check Out Our Latest Stock Analysis on GIL
Gildan Activewear Stock Performance
TSE GIL traded down C$0.56 on Thursday, reaching C$68.87. 414,166 shares of the stock were exchanged, compared to its average volume of 369,558. Gildan Activewear has a one year low of C$41.32 and a one year high of C$71.10. The firm has a market capitalization of C$11.20 billion, a PE ratio of 21.06, a PEG ratio of 4.55 and a beta of 1.64. The company's 50-day simple moving average is C$66.93 and its two-hundred day simple moving average is C$58.91. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 21st. Gildan Activewear's payout ratio is 33.94%.
Insider Buying and Selling at Gildan Activewear
In related news, Senior Officer Rhodri Harries sold 32,500 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Also, Senior Officer Jason De Haan sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total value of C$1,040,179.14. 2.26% of the stock is owned by corporate insiders.
About Gildan Activewear
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Get Free ReportGildan 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.
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