Stifel Nicolaus Increases Gildan Activewear (GIL) Price Target to C$37.00
Several other research analysts also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Gildan Activewear from C$34.00 to C$30.00 and set a market perform rating on the stock in a research note on Friday, November 3rd. National Bank Financial upped their target price on shares of Gildan Activewear from C$41.00 to C$42.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of C$39.21.
Gildan Activewear (GIL) opened at C$41.02 on Friday. Gildan Activewear has a 52 week low of C$30.97 and a 52 week high of C$42.18.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 16th were issued a dividend of $0.121 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Wednesday, November 15th. Gildan Activewear’s dividend payout ratio is currently 16.60%.
In other Gildan Activewear news, Director Michael Hoffman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total transaction of C$1,152,300.00. Also, insider Jonathan Roiter sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$38.80, for a total transaction of C$465,600.00. Over the last ninety days, insiders have sold 99,136 shares of company stock valued at $3,813,615.
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Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.
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