Gildan Activewear (TSE:GIL) Sets New 1-Year High - Still a Buy?

Key Points

• Gildan Activewear's shares reached a new 52-week high of C$81.04 on Monday, closing at C$78.61 with a trading volume of 110,584 shares.
• Equities analysts have upgraded Gildan Activewear, with Royal Bank of Canada rating it as a "moderate buy" and National Bankshares raising their target price from C$80.00 to C$85.00.
• The company recently declared a quarterly dividend of $0.226, representing an annualized yield of 1.1% and a dividend payout ratio of 27.63%.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL shares reached a new 52-week high on Monday . The company traded as high as C$81.04 and last traded at C$78.61, with a volume of 110584 shares traded. The stock had previously closed at C$80.33.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Gildan Activewear to a "moderate buy" rating in a research note on Tuesday, August 5th. TD Securities raised their target price on Gildan Activewear from C$60.00 to C$67.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Cfra Research raised Gildan Activewear to a "hold" rating in a research report on Monday, August 4th. Finally, National Bankshares upped their price target on Gildan Activewear from C$80.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Gildan Activewear presently has an average rating of "Buy" and a consensus target price of C$77.33.

Gildan Activewear Trading Down 0.4%

The business has a 50 day moving average of C$74.59 and a two-hundred day moving average of C$68.03. 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 firm has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 4.55 and a beta of 1.27.

Gildan Activewear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 21st. Gildan Activewear's dividend payout ratio (DPR) is currently 27.63%.

Insider Activity

In related news, insider Benito Masi sold 15,000 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$75.07, for a total transaction of C$1,126,017.00. Following the completion of the sale, the insider owned 359,421 shares in the company, valued at approximately C$26,980,943.74. This represents a 4.01% decrease in their ownership of the stock. 2.26% of the stock is currently owned by insiders.

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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