Gildan Activewear Inc. (TSE:GIL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$88.00.

Several brokerages recently issued reports on GIL. Desjardins lifted their price target on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. National Bank Financial upped their price objective on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, TD Securities lifted their target price on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, February 27th.

Insiders Place Their Bets

In related news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of C$79.80 per share, for a total transaction of C$399,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$399,000. This trade represents a ∞ increase in their position. 2.26% of the stock is owned by company insiders.

Gildan Activewear Stock Performance

GIL opened at C$80.34 on Monday. The stock has a market cap of C$14.88 billion, a PE ratio of 47.54, a P/E/G ratio of 4.55 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 147.07. Gildan Activewear has a 1 year low of C$62.80 and a 1 year high of C$100.44. The stock’s 50 day simple moving average is C$79.71 and its 200-day simple moving average is C$84.61.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. The company had revenue of C$1.62 billion during the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. Sell-side analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.249 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Gildan Activewear’s payout ratio is 54.85%.

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.