Gildan Activewear (TSE:GIL) Sets New 12-Month High – Time to Buy?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$73.56 and last traded at C$73.25, with a volume of 15813 shares changing hands. The stock had previously closed at C$73.42.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GIL shares. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. National Bankshares lifted their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Gildan Activewear presently has a consensus rating of “Buy” and an average price target of C$57.20.

Gildan Activewear Stock Down 0.2 %

The company’s fifty day simple moving average is C$69.09 and its 200 day simple moving average is C$63.50. 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 firm has a market capitalization of C$11.92 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$1.16 earnings per share for the quarter, hitting the consensus estimate of C$1.16. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. During the same period in the previous year, the business earned $0.99 EPS. Analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 annualized dividend and a dividend yield of 1.12%. Gildan Activewear’s payout ratio is 33.94%.

Insider Buying and Selling

In other news, Senior Officer Jason De Haan sold 15,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Director Michener Chandlee purchased 736 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is currently owned by insiders.

Gildan Activewear Company Profile

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.