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

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$88.00.

Separately, National Bank Financial lifted their target price on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research note on Friday, May 1st.

Insiders Place Their Bets

In other Gildan Activewear news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the business’s stock in a transaction 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 owned 5,000 shares in the company, valued at C$399,000. This trade represents a ∞ increase in their position. 2.26% of the stock is owned by corporate insiders.

Gildan Activewear Trading Down 0.2%

Shares of Gildan Activewear stock opened at C$72.96 on Friday. The stock has a market capitalization of C$13.51 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 4.55 and a beta of 1.49. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. The company has a 50-day simple moving average of C$79.06 and a 200 day simple moving average of C$84.10. Gildan Activewear has a 12-month low of C$63.41 and a 12-month high of C$100.44.

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

Gildan Activewear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio (DPR) is currently 54.85%.

About Gildan Activewear

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.