Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$79.57 and traded as low as C$73.32. Gildan Activewear shares last traded at C$73.89, with a volume of 527,235 shares traded.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. National Bank Financial raised their price objective on Gildan Activewear from C$105.00 to C$107.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Desjardins set a C$108.00 target price on Gildan Activewear and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$89.50.
Check Out Our Latest Stock Analysis on Gildan Activewear
Gildan Activewear Price Performance
The company has a debt-to-equity ratio of 145.29, a quick ratio of 0.87 and a current ratio of 1.93. The stock has a market capitalization of C$13.68 billion, a PE ratio of 144.88, a P/E/G ratio of 4.55 and a beta of 1.51. The company's fifty day simple moving average is C$75.20 and its two-hundred day simple moving average is C$79.57.
Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (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%. As a group, sell-side analysts predict that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.
Gildan Activewear Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 14th will be given a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 20th. Gildan Activewear's payout ratio is currently 186.27%.
Insider Transactions at Gildan Activewear
In other Gildan Activewear news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the sale, the insider owned 2,243 shares in the company, valued at approximately C$170,310.99. This represents a 78.10% decrease in their position. Insiders own 2.26% of the company's stock.
About Gildan Activewear
(
Get Free Report)
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.
Further Reading
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