Gildan Activewear (TSE:GIL) Price Target Cut to C$57.00 by Analysts at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price trimmed by National Bankshares from C$58.00 to C$57.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on GIL. Desjardins increased their price objective on Gildan Activewear from C$53.00 to C$55.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Royal Bank of Canada increased their target price on shares of Gildan Activewear from C$39.00 to C$41.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Gildan Activewear has a consensus rating of Moderate Buy and a consensus target price of C$46.80.

Gildan Activewear Price Performance

GIL traded up C$2.60 during trading on Friday, reaching C$51.41. 500,815 shares of the company traded hands, compared to its average volume of 327,723. The company has a market cap of C$8.67 billion, a P/E ratio of 12.76, a PEG ratio of 3.54 and a beta of 1.63. The firm has a fifty day simple moving average of C$48.54 and a 200 day simple moving average of C$46.81. Gildan Activewear has a 12-month low of C$36.42 and a 12-month high of C$52.80. The company has a debt-to-equity ratio of 64.76, a quick ratio of 0.87 and a current ratio of 2.38.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Wednesday, May 1st. The company reported C$0.80 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.08. Gildan Activewear had a return on equity of 26.88% and a net margin of 16.14%. The business had revenue of C$938.04 million for the quarter, compared to the consensus estimate of C$956.47 million. On average, equities analysts forecast that Gildan Activewear will post 4.0599002 EPS for the current year.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be paid a dividend of $0.277 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, May 22nd. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.28. Gildan Activewear’s dividend payout ratio (DPR) is currently 28.04%.

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.