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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$88.00.

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

Gildan Activewear Stock Performance

Shares of TSE GIL opened at C$71.61 on Tuesday. 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 business’s 50 day moving average is C$76.83 and its two-hundred day moving average is C$82.52. The company has a market cap of C$13.26 billion, a P/E ratio of 42.37, a P/E/G ratio of 4.55 and a beta of 1.50. 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 posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. The company had revenue of C$1.62 billion for the quarter. On average, equities analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.249 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Gildan Activewear’s payout ratio is 54.85%.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Director Deepak Kumar Khandelwal acquired 5,000 shares of Gildan Activewear stock in a transaction on Monday, May 11th. The shares were bought at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at C$399,000. This trade represents a ∞ increase in their ownership of the stock. 2.26% of the stock is owned by insiders.

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.