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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$81.75.

GIL has been the subject of a number of recent analyst reports. National Bankshares increased 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 report on Thursday, October 23rd. TD Securities upped their price objective on shares of Gildan Activewear from C$74.00 to C$77.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Citigroup downgraded shares of Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their target price for the stock from C$60.00 to C$63.00 in a research note on Monday, October 20th. Finally, Desjardins set a C$95.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday, December 19th.

Gildan Activewear Stock Up 2.9%

Shares of GIL opened at C$91.07 on Tuesday. The stock’s 50-day moving average price is C$85.93 and its two-hundred day moving average price is C$80.81. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$93.82. The company has a market capitalization of C$16.86 billion, a PE ratio of 29.28, a PEG ratio of 4.55 and a beta of 1.47. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26.

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

Gildan Activewear Announces Dividend

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