Gildan Activewear Inc. (TSE:GIL) Receives Average Rating of "Strong Buy" from Brokerages

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has been assigned a consensus rating of "Strong Buy" from the eight ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$64.00.

GIL has been the subject of a number of research reports. Scotiabank upgraded Gildan Activewear to a "strong-buy" rating in a report on Wednesday, May 28th. Desjardins decreased their price objective on Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. National Bankshares decreased their price objective on Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. Finally, Barclays upgraded Gildan Activewear to a "strong-buy" rating in a report on Monday, April 28th.

Gildan Activewear Trading Down 1.8%

Shares of GIL stock traded down C$1.27 during trading hours on Friday, reaching C$70.63. The company had a trading volume of 275,329 shares, compared to its average volume of 425,719. The company has a 50 day moving average of C$67.29 and a 200 day moving average of C$67.42. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The firm has a market cap of C$7.67 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 1-year low of C$52.77 and a 1-year high of C$79.11.

Gildan Activewear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is presently 29.76%.

Insider Activity at Gildan Activewear

In related news, Senior Officer Juan Carlos Contreras Y. Contreras sold 4,900 shares of Gildan Activewear stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of C$65.00, for a total value of C$318,490.20. Following the transaction, the insider owned 144 shares in the company, valued at C$9,359.71. This trade represents a 97.15% decrease in their position. Also, Senior Officer Benito Masi sold 15,000 shares of Gildan Activewear stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$68.66, for a total transaction of C$1,029,840.00. 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.