Gildan Activewear (TSE:GIL) Hits New 12-Month Low - What's Next?

Key Points

• Gildan Activewear shares hit a new 52-week low, falling to C$64.93 and last trading at C$65.35, below both their 50-day and 200-day moving averages.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a C$89.50 price target—well above the current share price.
• The company reported C$1.82 in quarterly EPS on C$1.13 billion in revenue and maintains a quarterly dividend of approximately $0.249 per share, although its 186.27% payout ratio raises sustainability concerns.

Shares of Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL hit a new 52-week low on Tuesday . The company traded as low as C$64.93 and last traded at C$65.35, with a volume of 22664 shares trading hands. The stock had previously closed at C$65.98.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GIL. Desjardins set a C$108.00 price objective 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 report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Gildan Activewear currently has a consensus rating of "Moderate Buy" and a consensus price target of C$89.50.

Gildan Activewear Trading Down 0.6%

The firm has a market cap of C$12.15 billion, a P/E ratio of 128.63, a PEG ratio of 4.55 and a beta of 1.44. The company has a 50 day moving average of C$74.73 and a 200 day moving average of C$78.21. 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 released its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. The firm had revenue of C$1.13 billion for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. Analysts predict that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were paid a dividend of $0.249 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Gildan Activewear's dividend payout ratio is 186.27%.

Insider Buying and Selling at Gildan Activewear

In related news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of Gildan Activewear stock in a transaction on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the sale, the insider owned 2,243 shares of the company's stock, valued at approximately C$170,310.99. The trade was a 78.10% decrease in their position. Corporate insiders own 2.26% of the company's stock.

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.