Gildan Activewear (TSE:GIL) Given a C$83.00 Price Target by National Bankshares Analysts

National Bankshares set a C$83.00 price target on Gildan Activewear (TSE:GIL - Free Report) NYSE: GIL in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. UBS Group raised Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Desjardins boosted their price target on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$68.50.

Gildan Activewear Price Performance

Shares of GIL traded down C$1.13 during mid-day trading on Wednesday, hitting C$64.73. 1,034,445 shares of the company traded hands, compared to its average volume of 377,313. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The stock has a market capitalization of C$7.03 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 4.55 and a beta of 1.64. The business has a 50-day moving average of C$72.66 and a 200 day moving average of C$68.53. Gildan Activewear has a one year low of C$44.23 and a one year high of C$79.11.

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Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 EPS for the quarter, beating analysts' consensus estimates of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period last year, the business posted $0.75 EPS. As a group, equities analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Gildan Activewear's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear's dividend payout ratio (DPR) is currently 29.76%.

Insider Buying and Selling

In other Gildan Activewear news, Senior Officer Michael Schroeder sold 4,299 shares of Gildan Activewear stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68. Also, Senior Officer John Maness sold 1,661 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total value of C$114,234.28. Insiders have sold 110,144 shares of company stock valued at $8,568,586 in the last 90 days. 2.26% of the stock is owned by insiders.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.