Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$46.51 and traded as high as C$50.14. Gildan Activewear shares last traded at C$49.67, with a volume of 191,141 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Stifel Canada lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Desjardins lifted their target price on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, National Bankshares lifted their price target on shares of Gildan Activewear from C$52.00 to C$58.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$47.00.
View Our Latest Stock Report on Gildan Activewear
Gildan Activewear Stock Up 1.2 %
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.03. Gildan Activewear had a net margin of 16.70% and a return on equity of 27.79%. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.02 billion. On average, sell-side analysts predict that Gildan Activewear Inc. will post 3.9991259 EPS for the current fiscal year.
Gildan Activewear Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, March 12th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.19. Gildan Activewear’s payout ratio is 26.83%.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.
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