Gildan Activewear Inc. Announces Quarterly Dividend of $0.21 (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL declared a quarterly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.205 per share on Monday, December 16th. This represents a $0.82 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 21st.

Gildan Activewear Trading Up 1.7 %

Shares of TSE:GIL traded up C$1.15 during midday trading on Friday, hitting C$69.29. 410,285 shares of the stock traded hands, compared to its average volume of 364,189. 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 business's 50 day moving average is C$62.88 and its two-hundred day moving average is C$55.40. The stock has a market capitalization of C$11.27 billion, a PE ratio of 21.20, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear has a one year low of C$39.60 and a one year high of C$69.64.

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

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, 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 value of C$1,989,000.00. In other Gildan Activewear news, Senior Officer Rhodri Harries sold 32,500 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$61.20, for a total value of C$1,989,000.00. Also, Director Michener Chandlee purchased 1,196 shares of Gildan Activewear stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of C$40.85 per share, with a total value of C$48,856.60. In the last 90 days, insiders have sold 101,620 shares of company stock worth $4,870,471. Company insiders own 2.26% of the company's stock.

Analysts Set New Price Targets

GIL has been the subject of several research analyst reports. TD Securities raised 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. Citigroup lifted their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. BMO Capital Markets upgraded Gildan Activewear to a "strong-buy" rating in a research note on Friday, August 2nd. National Bankshares lifted their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Desjardins increased 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 investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$57.20.

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.