Gildan Activewear Inc. (TSE:GIL) Given Average Rating of "Buy" by Brokerages

Key Points

• Gildan Activewear Inc. has been given an average rating of "Buy" from seven brokerage firms, with price targets averaging C$68.67.
• The company declared a quarterly dividend of $0.226, reflecting an annualized yield of 1.3% and a payout ratio of 29.76%.
• Gildan's stock performance shows a market capitalization of C$7.63 billion, with a PE ratio of 18.83 and a 52-week stock price range between C$52.77 and C$79.11.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has been assigned an average rating of "Buy" from the seven ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$68.67.

GIL has been the subject of several recent analyst reports. Desjardins reduced their price objective on shares of Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays raised shares of Gildan Activewear to a "strong-buy" rating in a research report on Monday, April 28th. National Bankshares reduced their price objective on shares of Gildan Activewear from C$83.00 to C$72.00 in a research report on Monday, April 21st. Scotiabank raised shares of Gildan Activewear to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada raised shares of Gildan Activewear to a "moderate buy" rating in a research report on Tuesday, August 5th.

Gildan Activewear Stock Performance

TSE:GIL opened at C$70.24 on Tuesday. The company has a market capitalization of C$7.63 billion, a PE ratio of 18.83, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a 50 day simple moving average of C$68.35 and a two-hundred day simple moving average of C$67.52. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear has a fifty-two week low of C$52.77 and a fifty-two week high of C$79.11.

Gildan Activewear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 21st. Gildan Activewear's payout ratio is currently 29.76%.

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.

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