Gildan Activewear (TSE:GIL) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Gildan Activewear shares fell below their 200-day moving average, trading as low as C$78.08 and last changing hands at C$78.75, compared with the C$81.55 long-term average.
• Analysts remain broadly positive, with three Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus and an average price target of C$89.50, while some analysts set targets above C$100.
• The company declared a quarterly dividend of C$0.249, equivalent to approximately C$1.00 annually and a 1.3% yield; however, its reported payout ratio is high at 186.27%.

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL's share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$81.55 and traded as low as C$78.08. Gildan Activewear shares last traded at C$78.75, with a volume of 369,938 shares trading hands.

Analysts Set New Price Targets

GIL has been the topic of several analyst reports. Desjardins set a C$108.00 price target on shares of Gildan Activewear and gave the company a "buy" rating in a research report on Tuesday, July 28th. National Bank Financial increased their price objective on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$89.50.

Gildan Activewear Stock Down 0.9%

The stock has a market capitalization of C$14.58 billion, a price-to-earnings ratio of 154.41, a P/E/G ratio of 4.55 and a beta of 1.51. The business has a 50-day moving average of C$76.04 and a 200-day moving average of C$81.55. The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last posted its earnings results on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. The company had revenue of C$1.13 billion for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. On average, sell-side analysts expect that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 14th will be paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 20th. Gildan Activewear's payout ratio is 186.27%.

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.

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