Gildan Activewear (TSE:GIL) Price Target Raised to C$58.00 at National Bankshares

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective lifted by National Bankshares from C$57.00 to C$58.00 in a research note released on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on GIL. Desjardins lifted their price objective on shares of Gildan Activewear from C$55.00 to C$63.00 and gave the company a buy rating in a report on Wednesday. TD Securities lifted their price objective on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the company a buy rating in a report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$48.83.

Gildan Activewear Stock Performance

The company has a quick ratio of 0.87, a current ratio of 2.38 and a debt-to-equity ratio of 64.76. The firm has a market capitalization of C$9.66 billion, a PE ratio of 14.02, a P/E/G ratio of 3.54 and a beta of 1.63. The company has a fifty day simple moving average of C$52.76 and a 200 day simple moving average of C$49.07. Gildan Activewear has a twelve month low of C$36.42 and a twelve month high of C$58.00.

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

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Thursday, August 22nd. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. Gildan Activewear’s payout ratio is 28.04%.

Insiders Place Their Bets

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 28,698 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$39.00, for a total transaction of C$1,119,222.00. In other news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total transaction of C$161,200.13. Also, Senior Officer Rhodri Harries sold 28,698 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$39.00, for a total transaction of C$1,119,222.00. 2.17% of the stock is currently owned by company 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.