Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL hit a new 52-week high on Thursday . The company traded as high as C$76.20 and last traded at C$74.66, with a volume of 94222 shares traded. The stock had previously closed at C$75.13.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on GIL shares. UBS Group upgraded Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. National Bankshares upped their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$57.20.
View Our Latest Research Report on Gildan Activewear
Gildan Activewear Stock Performance
The business has a 50 day simple moving average of C$70.16 and a 200 day simple moving average of C$65.01. 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$11.79 billion, a PE ratio of 22.17, a PEG ratio of 4.55 and a beta of 1.64.
Gildan Activewear Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear's dividend payout ratio (DPR) is presently 33.94%.
Insider Buying and Selling at Gildan Activewear
In other 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 value of C$693,102.00. 2.26% of the stock is currently owned by company insiders.
About Gildan Activewear
(
Get Free Report)
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.
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