Gildan Activewear Inc. (TSE:GIL) Given Consensus Recommendation of "Buy" by Analysts

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has earned an average rating of "Buy" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$54.00.

GIL has been the topic of several research analyst reports. BMO Capital Markets upgraded Gildan Activewear to a "strong-buy" rating in a research note on Friday, August 2nd. National Bankshares upped their price objective on shares of Gildan Activewear from C$57.00 to C$58.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Desjardins lifted their target price on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Finally, TD Securities boosted their target price on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd.

Insider Activity at Gildan Activewear

In other news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the company's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total value of C$161,200.13. In other Gildan Activewear news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of Gildan Activewear stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$37.06, for a total transaction of C$161,200.13. Also, Director Ghislain Houle acquired 9,625 shares of the firm's stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of C$51.83 per share, with a total value of C$498,834.88. Insiders have sold a total of 102,168 shares of company stock worth $4,161,893 over the last quarter. Insiders own 2.26% of the company's stock.

Gildan Activewear Stock Up 2.3 %

GIL stock traded up C$1.35 during trading on Tuesday, reaching C$60.34. 621,632 shares of the company traded hands, compared to its average volume of 336,457. The business has a 50 day simple moving average of C$54.61 and a 200 day simple moving average of C$50.53. Gildan Activewear has a 12 month low of C$36.42 and a 12 month high of C$60.35. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The company has a market capitalization of C$9.81 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of C$1.17 billion. On average, equities research analysts anticipate that Gildan Activewear will post 4.2801183 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.86%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, August 22nd. Gildan Activewear's dividend payout ratio (DPR) is presently 34.24%.

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.