Gildan Activewear (TSE:GIL) Upgraded at UBS Group

UBS Group upgraded shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) from a hold rating to a strong-buy rating in a research report released on Friday,Zacks.com reports.

A number of other brokerages also recently commented on GIL. National Bankshares boosted their price objective on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup boosted their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$57.20.

Gildan Activewear Trading Up 3.0 %

TSE GIL opened at C$69.67 on Friday. The company’s 50-day simple moving average is C$68.38 and its two-hundred day simple moving average is C$62.10. Gildan Activewear has a one year low of C$41.32 and a one year high of C$71.10. The company has a market capitalization of C$11.33 billion, a price-to-earnings ratio of 21.31, 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Insider Transactions at Gildan Activewear

In other news, Senior Officer Benito Masi sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. 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 value of C$1,040,179.14. Insiders own 2.26% of the company’s stock.

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.