Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$70.31 and traded as high as C$72.69. Gildan Activewear shares last traded at C$72.39, with a volume of 428,714 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on GIL shares. UBS Group upgraded shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. 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 research report on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$57.20.
Check Out Our Latest Stock Analysis on Gildan Activewear
Gildan Activewear Trading Down 0.3 %
The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The company has a market cap of C$7.84 billion, a PE ratio of 19.36, a PEG ratio of 4.55 and a beta of 1.64. The firm's 50 day moving average is C$70.55 and its 200 day moving average is C$65.77.
Gildan Activewear Cuts Dividend
The business 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. The ex-dividend date was Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.14%. Gildan Activewear's dividend payout ratio is presently 29.76%.
Insiders Place Their Bets
In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. Corporate insiders own 2.26% of the company's stock.
About Gildan Activewear
(
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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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