Gildan Activewear Inc (GIL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) have been assigned an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$39.58.
Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$34.00 price objective on shares of Gildan Activewear in a research report on Friday, August 4th. TD Securities lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 price objective for the company. in a research report on Friday, August 4th. Finally, National Bank Financial increased their price objective on shares of Gildan Activewear from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd.
In other Gildan Activewear news, insider Jonathan Roiter sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$38.80, for a total transaction of C$465,600.00. Also, Director Glenn J. Chamandy sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$38.44, for a total transaction of C$2,075,760.00. Insiders have sold a total of 99,136 shares of company stock valued at $3,813,615 over the last three months.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.121 per share. The ex-dividend date is Wednesday, November 15th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 1.21%. Gildan Activewear’s dividend payout ratio (DPR) is currently 16.83%.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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