Gildan Activewear (TSE:GIL) Hits New 1-Year High - What's Next?

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$71.55 and last traded at C$71.00, with a volume of 5397 shares changing hands. The stock had previously closed at C$70.65.

Wall Street Analysts Forecast Growth

Several analysts have commented on GIL shares. 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 report on Friday, November 1st. Citigroup increased their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, UBS Group raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 10th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$57.20.

Gildan Activewear Trading Up 0.5 %

The stock has a market capitalization of C$11.54 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.55 and a beta of 1.64. The company's 50 day moving average is C$68.43 and its 200 day moving average is C$62.35. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear's dividend payout ratio is currently 33.94%.

Insider Transactions at Gildan Activewear

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of Gildan Activewear stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee purchased 736 shares of the company's stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of C$67.83 per share, for a total transaction of C$49,920.57. Company insiders own 2.26% of the company's stock.

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.