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

Shares of Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL have received a consensus rating of "Strong Buy" from the eight brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$64.00.

GIL has been the subject of several research reports. Barclays raised shares of Gildan Activewear to a "strong-buy" rating in a research report on Monday, April 28th. National Bankshares decreased their price target on shares of Gildan Activewear from C$83.00 to C$72.00 in a research note on Monday, April 21st. Desjardins lowered their price target 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. Finally, Scotiabank raised Gildan Activewear to a "strong-buy" rating in a research report on Wednesday.

Insiders Place Their Bets

In other Gildan Activewear news, Senior Officer Benito Masi sold 15,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of C$68.66, for a total value of C$1,029,840.00. Also, Senior Officer John Maness sold 1,661 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total transaction of C$114,234.28. Insiders sold a total of 25,745 shares of company stock worth $1,773,488 over the last 90 days. Company insiders own 2.26% of the company's stock.

Gildan Activewear Trading Down 2.9%

Gildan Activewear stock traded down C$1.93 during mid-day trading on Thursday, hitting C$64.55. The company's stock had a trading volume of 1,996,166 shares, compared to its average volume of 437,921. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The company has a 50 day moving average of C$62.63 and a 200-day moving average of C$67.83. Gildan Activewear has a one year low of C$48.74 and a one year high of C$79.11. The stock has a market cap of C$7.01 billion, a PE ratio of 17.31, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is 29.76%.

About Gildan Activewear

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.