Analysts Set Gildan Activewear Inc. (TSE:GIL) Target Price at C$57.20

Shares of Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL have been given an average recommendation of "Buy" by the seven research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$57.20.

Several research analysts have commented on GIL shares. National Bankshares raised their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an "outperform" rating in a report on Friday, November 1st. UBS Group upgraded Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 10th.

Gildan Activewear Stock Performance

Shares of TSE:GIL traded up C$0.06 during trading on Friday, hitting C$73.42. 206,087 shares of the company were exchanged, compared to its average volume of 259,901. Gildan Activewear has a 52-week low of C$43.36 and a 52-week high of C$73.50. The stock has a 50 day moving average of C$69.09 and a 200 day moving average of C$63.50. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. The company has a market cap of C$11.94 billion, a PE ratio of 22.45, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last issued its quarterly earnings data on Thursday, October 31st. The company reported C$1.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$1.16. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. During the same quarter in the previous year, the business posted $0.99 EPS. As a group, equities research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a $0.205 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.82 annualized dividend and a yield of 1.12%. Gildan Activewear's dividend payout ratio (DPR) is presently 33.94%.

Insider Activity at Gildan Activewear

In related news, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. 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 transaction of C$1,040,179.14. 2.26% of the stock is 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.