Gildan Activewear Inc. (TSE:GIL) Given Average Recommendation of “Buy” by Brokerages

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$57.20.

Several equities research analysts have recently commented on GIL shares. National Bankshares lifted their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th.

Gildan Activewear Stock Up 0.2 %

Shares of GIL opened at C$73.36 on Friday. The company has a market capitalization of C$11.93 billion, a P/E ratio of 22.43, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a one year low of C$43.36 and a one year high of C$73.44. The business’s 50 day simple moving average is C$68.86 and its 200-day simple moving average is C$63.20. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$1.16 EPS for the quarter, hitting analysts’ consensus estimates of C$1.16. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. During the same quarter last year, the company posted $0.99 EPS. As a group, sell-side analysts predict that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s payout ratio is presently 33.94%.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. Also, Director Michener Chandlee purchased 736 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of C$67.83 per share, for a total transaction of C$49,920.57. 2.26% of the stock is owned by company insiders.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.