Analysts Set Gildan Activewear Inc. (TSE:GIL) Target Price at C$81.75

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$81.75.

GIL has been the subject of a number of research reports. Desjardins set a C$95.00 target price on shares of Gildan Activewear and gave the company a “buy” rating in a report on Friday, December 19th. TD Securities lifted their target price on Gildan Activewear from C$74.00 to C$77.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. National Bankshares boosted their price target on Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$60.00 to C$63.00 in a research note on Monday, October 20th.

Gildan Activewear Stock Up 5.1%

Gildan Activewear stock opened at C$97.30 on Tuesday. The stock has a market cap of C$18.02 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 4.55 and a beta of 1.41. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear has a one year low of C$52.77 and a one year high of C$97.69. The stock has a fifty day moving average of C$87.01 and a 200 day moving average of C$81.38.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The business had revenue of C$1.27 billion for the quarter. As a group, sell-side analysts predict 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 was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.226 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. Gildan Activewear’s dividend payout ratio (DPR) is presently 28.39%.

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.