Analysts Set Gildan Activewear Inc. (TSE:GIL) Price Target at C$85.75

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$85.75.

Several equities research analysts recently commented on the company. Desjardins boosted their price target on Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. 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.

Gildan Activewear Price Performance

GIL opened at C$75.57 on Wednesday. The stock has a fifty day moving average price of C$89.59 and a 200 day moving average price of C$84.98. The company has a current ratio of 2.11, a quick ratio of 0.87 and a debt-to-equity ratio of 137.08. Gildan Activewear has a 1 year low of C$52.77 and a 1 year high of C$100.44. The stock has a market cap of C$13.99 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 4.55 and a beta of 1.39.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share for the quarter. Gildan Activewear had a return on equity of 20.25% and a net margin of 11.00%.The company had revenue of C$1.41 billion for the quarter. Analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, April 13th will be issued a dividend of $0.249 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. Gildan Activewear’s payout ratio is 34.64%.

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.