Analysts Set Gildan Activewear Inc. (TSE:GIL) Price Target at C$57.20

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$57.20.

GIL has been the subject of several analyst reports. Citigroup upped their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. National Bankshares upped their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Gildan Activewear Stock Up 1.9 %

Shares of TSE GIL opened at C$67.65 on Monday. The firm has a market cap of C$11.00 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. Gildan Activewear has a 1 year low of C$41.32 and a 1 year high of C$71.10. The firm’s 50 day moving average price is C$68.27 and its 200 day moving average price is C$61.35.

Gildan Activewear Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.205 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.82 annualized dividend and a yield of 1.21%. Gildan Activewear’s payout ratio is 33.94%.

Insider Activity at Gildan Activewear

In related news, Director Michener Chandlee acquired 736 shares of Gildan Activewear stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of C$67.83 per share, for a total transaction of C$49,920.57. Also, Senior Officer Jason De Haan sold 15,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total transaction of C$1,040,179.14. Company insiders own 2.26% of the company’s stock.

About Gildan Activewear

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.