Brokerages Set Gildan Activewear Inc. (TSE:GIL) PT at C$75.50

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$77.25.

GIL has been the subject of several research analyst reports. Royal Bank Of Canada upgraded Gildan Activewear to a “moderate buy” rating in a research report on Tuesday, August 5th. Citigroup cut shares of Gildan Activewear from a “buy” rating to a “neutral” rating and upped their price objective for the stock from C$60.00 to C$63.00 in a research report on Monday, October 20th. National Bankshares increased their price objective on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Cfra Research raised shares of Gildan Activewear to a “hold” rating in a research note on Monday, August 4th. Finally, TD Securities upped their price target on shares of Gildan Activewear from C$73.00 to C$74.00 and gave the stock a “buy” rating in a research report on Thursday.

Gildan Activewear Price Performance

TSE:GIL opened at C$81.79 on Friday. Gildan Activewear has a 52 week low of C$52.77 and a 52 week high of C$87.13. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The stock has a market capitalization of C$12.19 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 4.55 and a beta of 1.34. The stock’s 50-day moving average price is C$80.07 and its 200-day moving average price is C$71.97.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.1%. Gildan Activewear’s dividend payout ratio is presently 28.39%.

Insider Buying and Selling at Gildan Activewear

In other news, insider Benito Masi sold 15,000 shares of Gildan Activewear stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$75.07, for a total value of C$1,126,017.00. Following the sale, the insider directly owned 359,421 shares of the company’s stock, valued at C$26,980,943.74. The trade was a 4.01% decrease in their ownership of the stock. 2.26% of the stock is currently owned by company insiders.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.