Gildan Activewear (TSE:GIL) Sets New 12-Month High - Should You Buy?

Key Points

• Gildan Activewear (TSE:GIL) achieved a new 52-week high of C$79.61 during mid-day trading, with shares closing at C$77.90 after a significant trading volume of 525,518 shares.
• Analyst opinions are mixed; Barclays upgraded the stock to a "strong-buy," while other analysts have set a range of price targets with a consensus rating of "Buy" and an average target of C$68.67.
• The company declared a quarterly dividend of $0.226 per share, reflecting an annual yield of 1.2%, with an upcoming ex-dividend date of August 21st.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$79.61 and last traded at C$77.90, with a volume of 525518 shares. The stock had previously closed at C$75.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays raised shares of Gildan Activewear to a "strong-buy" rating in a report on Monday, April 28th. Desjardins lowered their price target on shares of Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. National Bankshares decreased their price objective on shares of Gildan Activewear from C$83.00 to C$72.00 in a research report on Monday, April 21st. Cfra Research upgraded shares of Gildan Activewear to a "hold" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada upgraded shares of Gildan Activewear to a "moderate buy" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$68.67.

Gildan Activewear Stock Up 3.7%

The firm has a market capitalization of C$8.51 billion, a PE ratio of 21.02, a PEG ratio of 4.55 and a beta of 1.64. The company has a fifty day moving average price of C$68.63 and a 200-day moving average price of C$67.58. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 21st. Gildan Activewear's dividend payout ratio is presently 29.76%.

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.

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