Gildan Activewear (TSE:GIL) PT Raised to C$68.00

Gildan Activewear (TSE:GIL - Free Report) NYSE: GIL had its price target hoisted by National Bankshares from C$58.00 to C$68.00 in a research report released on Wednesday morning, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on GIL. TD Securities raised their price objective on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the company a buy rating in a research report on Friday, August 2nd. BMO Capital Markets upgraded shares of Gildan Activewear to a strong-buy rating in a research report on Friday, August 2nd. Citigroup raised their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the company a buy rating in a report on Wednesday, September 25th. Finally, Desjardins boosted their price objective on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a buy rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Gildan Activewear presently has a consensus rating of Buy and a consensus price target of C$56.00.

Gildan Activewear Price Performance

TSE:GIL traded up C$0.40 during trading hours on Wednesday, reaching C$65.06. The company had a trading volume of 353,814 shares, compared to its average volume of 360,235. 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 stock has a 50-day moving average of C$59.58 and a two-hundred day moving average of C$53.46. Gildan Activewear has a one year low of C$37.78 and a one year high of C$65.10. The firm has a market capitalization of C$10.58 billion, a PE ratio of 19.90, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. The business had revenue of C$1.18 billion during the quarter, compared to analysts' expectations of C$1.17 billion. Analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were given a dividend of $0.28 per share. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, August 22nd. Gildan Activewear's payout ratio is presently 33.94%.

Insider Activity

In related news, Senior Officer Benito Masi sold 50,000 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total value of C$2,077,495.00. In related news, Senior Officer Benito Masi sold 50,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. Also, Senior Officer Rhodri Harries sold 32,500 shares of Gildan Activewear stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Insiders sold a total of 101,620 shares of company stock valued at $4,870,471 in the last ninety days. 2.26% of the stock is owned by 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.