Gildan Activewear Inc. (TSE:GIL) Receives Consensus Rating of “Buy” from Analysts

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been assigned an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$81.00.

GIL has been the topic of several recent analyst reports. Citigroup lowered Gildan Activewear from a “buy” rating to a “neutral” rating and boosted their price target for the company from C$60.00 to C$63.00 in a research note on Monday, October 20th. National Bankshares boosted their target price on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. TD Securities upped their target price on shares of Gildan Activewear from C$73.00 to C$74.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Desjardins set a C$95.00 target price on shares of Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, December 19th.

Gildan Activewear Stock Performance

TSE:GIL opened at C$88.07 on Friday. Gildan Activewear has a 12-month low of C$52.77 and a 12-month high of C$90.06. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The firm has a market capitalization of C$16.31 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 4.55 and a beta of 1.47. The firm has a 50-day moving average price of C$82.79 and a 200 day moving average price of C$78.15.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The company had revenue of C$1.27 billion for the quarter. Research analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.226 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.0%. Gildan Activewear’s payout ratio is 28.39%.

Gildan Activewear Company Profile

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.