Gildan Activewear (TSE:GIL) Sets New 1-Year High - Should You Buy?

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL hit a new 52-week high during trading on Monday . The company traded as high as C$73.56 and last traded at C$73.25, with a volume of 15813 shares traded. The stock had previously closed at C$73.42.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. National Bankshares lifted their target price 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 raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Gildan Activewear currently has an average rating of "Buy" and a consensus price target of C$57.20.

Gildan Activewear Price Performance

The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The company has a market capitalization of C$11.96 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 4.55 and a beta of 1.64. The stock's 50-day simple moving average is C$69.09 and its two-hundred day simple moving average is C$63.50.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly earnings results on Thursday, October 31st. The company reported C$1.16 earnings per share for the quarter, hitting the consensus estimate of C$1.16. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 dividend yield of 1.12%. Gildan Activewear's dividend payout ratio (DPR) is presently 33.94%.

Insider Buying and Selling

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. Also, Director Michener Chandlee bought 736 shares of the stock in a transaction dated 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. 2.26% of the stock is owned by company insiders.

About Gildan Activewear

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.