Gildan Activewear (TSE:GIL) Sets New 12-Month High – Time to Buy?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$92.31 and last traded at C$91.33, with a volume of 764469 shares. The stock had previously closed at C$87.62.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Desjardins set a C$95.00 price target on Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Securities raised their target price on shares of Gildan Activewear from C$73.00 to C$74.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. National Bankshares upped their price target on shares of 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 lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and increased their price objective for the stock from C$60.00 to C$63.00 in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Buy” and a consensus target price of C$81.00.

Gildan Activewear Price Performance

The firm has a market capitalization of C$16.98 billion, a PE ratio of 29.48, a P/E/G ratio of 4.55 and a beta of 1.47. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The stock has a fifty day moving average price of C$84.06 and a 200-day moving average price of C$79.50.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The company had revenue of C$1.27 billion for the quarter. Sell-side analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio (DPR) is currently 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.