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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given a consensus rating of “Moderate Buy” by the four brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$89.50.

A number of analysts have issued reports on the stock. National Bank Financial boosted their price target on shares of Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday. Desjardins set a C$108.00 price objective on shares of Gildan Activewear and gave the company a “buy” rating in a research note on Tuesday, July 28th.

Gildan Activewear Price Performance

GIL stock opened at C$77.60 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 145.29. The company has a market capitalization of C$14.37 billion, a PE ratio of 152.16, 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. The business’s fifty day moving average price is C$76.37 and its 200 day moving average price is C$82.08.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The firm had revenue of C$1.13 billion for the quarter. On average, sell-side analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is presently 186.27%.

Insider Transactions at Gildan Activewear

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

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.