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

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL has earned an average rating of "Strong Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$64.00.

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

Gildan Activewear Price Performance

TSE:GIL opened at C$63.95 on Monday. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The company has a market capitalization of C$6.94 billion, a P/E ratio of 17.15, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 12 month low of C$50.52 and a 12 month high of C$79.11. The business's 50-day moving average is C$64.20 and its 200 day moving average is C$67.36.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were issued a $0.226 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.41%. Gildan Activewear's dividend payout ratio is presently 29.76%.

Insider Activity

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 stock was sold at an average price of C$68.66, for a total transaction of C$1,029,840.00. Also, Senior Officer Juan Carlos Contreras Y. Contreras sold 4,900 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of C$65.00, for a total value of C$318,490.20. Following the completion of the transaction, the insider now owns 144 shares of the company's stock, valued at approximately C$9,359.71. The trade was a 97.15% decrease in their ownership of the stock. Company insiders own 2.26% of the company's stock.

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.

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