Gildan Activewear (TSE:GIL) Sets New 1-Year High – Here’s What Happened

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) reached a new 52-week high during trading on Thursday . The stock traded as high as C$76.20 and last traded at C$74.66, with a volume of 94222 shares trading hands. The stock had previously closed at C$75.13.

Analyst Ratings Changes

GIL has been the topic of several research reports. National Bankshares upped their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$57.20.

Gildan Activewear Trading Down 0.8 %

The company has a market capitalization of C$12.12 billion, a P/E ratio of 22.79, a PEG ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. The business’s 50-day moving average price is C$69.89 and its two-hundred day moving average price is C$64.58.

Gildan Activewear Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.82 annualized dividend and a yield of 1.10%. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Insiders Place Their Bets

In other news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. Corporate insiders own 2.26% of the company’s stock.

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.