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

Key Points

• Consensus "Buy" — Seven brokerages cover Gildan with an average rating of Buy (2 Hold, 3 Buy, 2 Strong Buy) and a one‑year average price target of C$85.75; TD raised its target to C$80 and Desjardins to C$108.
• Quarterly results — Gildan reported C$1.31 EPS on C$1.41 billion in revenue, with a 20.25% ROE and an 11.0% net margin; analysts expect roughly C$4.55 in EPS for the current year.
• Dividend increase — The company raised its quarterly dividend to $0.249 (annualized $1.00), yielding about 1.2% with a payout ratio near 34.6%.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has earned a consensus rating of "Buy" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$85.75.

Several equities analysts have commented on GIL shares. 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 research report on Friday, February 27th. Desjardins upped their target price on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at C$82.04 on Friday. The stock's fifty day moving average is C$85.69 and its two-hundred day moving average is C$85.13. The company has a market capitalization of C$15.19 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 4.55 and a beta of 1.57. The company has a quick ratio of 0.87, a current ratio of 2.11 and a debt-to-equity ratio of 137.08. Gildan Activewear has a 52 week low of C$55.71 and a 52 week high of C$100.44.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings data on Thursday, February 26th. The company reported C$1.31 EPS for the quarter. The company had revenue of C$1.41 billion for the quarter. Gildan Activewear had a return on equity of 20.25% and a net margin of 11.00%. As a group, analysts expect that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, April 13th were issued a $0.249 dividend. The ex-dividend date was Thursday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.23. Gildan Activewear's dividend payout ratio (DPR) is currently 34.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.