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

Key Points

• Analysts give Gildan a consensus rating of Buy from seven firms (2 Hold, 3 Buy, 2 Strong Buy) with an average 12‑month target of C$85.75; Desjardins recently raised its target to C$108 and TD to C$80.
• Gildan reported quarterly EPS of C$1.31 on C$1.41B revenue with a net margin of 11%, and it trades at a market cap of C$14.6B and a P/E of 30.2, currently around C$78.82 within a 52‑week range of C$52.77–C$100.44.
• The company announced a dividend increase to C$0.249 quarterly (annualized C$1.00) for a ~1.3% yield, with an ex‑dividend date of March 19 and a payout ratio of about 34.6%.

Shares of Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL have been given a consensus recommendation of "Buy" by the seven ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$85.75.

GIL has been the topic of a number of recent research reports. Desjardins increased their target price on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. TD Securities upped their price objective on Gildan Activewear from C$77.00 to C$80.00 and gave the company a "buy" rating in a report on Friday, February 27th.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$78.82 on Wednesday. Gildan Activewear has a 52 week low of C$52.77 and a 52 week high of C$100.44. The company has a market capitalization of C$14.60 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 4.55 and a beta of 1.39. The company has a 50-day simple moving average of C$90.21 and a 200 day simple moving average of C$85.08. The company has a debt-to-equity ratio of 137.08, a quick ratio of 0.87 and a current ratio of 2.11.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share for the quarter. Gildan Activewear had a net margin of 11.00% and a return on equity of 20.25%. The firm had revenue of C$1.41 billion for the quarter. On average, sell-side analysts predict that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, April 13th will be given a $0.249 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This is a boost from Gildan Activewear's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Gildan Activewear's dividend payout ratio (DPR) is presently 34.64%.

About Gildan Activewear

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.

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