Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price increased by Stifel Nicolaus from C$34.00 to C$37.00 in a research report report published on Friday morning.

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.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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