Gildan Activewear (TSE:GIL) Reaches New 12-Month High – Here’s What Happened

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$98.63 and last traded at C$97.70, with a volume of 183278 shares. The stock had previously closed at C$98.33.

Wall Street Analyst Weigh In

GIL has been the subject of a number of research reports. Citigroup cut shares of Gildan Activewear from a “buy” rating to a “neutral” rating and upped their target price for the company from C$60.00 to C$63.00 in a report on Monday, October 20th. TD Securities upped their price objective on Gildan Activewear from C$74.00 to C$77.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. National Bankshares raised their target price on Gildan Activewear from C$91.00 to C$92.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Desjardins set a C$95.00 target price on Gildan Activewear and gave the company a “buy” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$81.75.

Gildan Activewear Price Performance

The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The stock has a 50 day simple moving average of C$87.36 and a 200-day simple moving average of C$81.64. The firm has a market cap of C$18.11 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 4.55 and a beta of 1.41.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. The firm had revenue of C$1.27 billion during the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. Equities analysts anticipate that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.226 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.9%. Gildan Activewear’s dividend payout ratio (DPR) is presently 28.39%.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.