Brokerages Set Gildan Activewear Inc. (TSE:GIL) Target Price at C$88.00

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$88.00.

Separately, National Bank Financial lifted their price objective on Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st.

Insider Buying and Selling

In other Gildan Activewear news, Director Deepak Kumar Khandelwal purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of C$79.80 per share, for a total transaction of C$399,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at C$399,000. This represents a ∞ increase in their ownership of the stock. 2.26% of the stock is currently owned by corporate insiders.

Gildan Activewear Stock Up 0.4%

Shares of GIL stock opened at C$73.88 on Friday. The stock’s 50 day simple moving average is C$78.57 and its 200 day simple moving average is C$83.84. Gildan Activewear has a twelve month low of C$63.41 and a twelve month high of C$100.44. The company has a debt-to-equity ratio of 147.07, a quick ratio of 0.87 and a current ratio of 2.35. The company has a market capitalization of C$13.68 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 4.55 and a beta of 1.50.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$1.62 billion during the quarter. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. As a group, research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Gildan Activewear’s dividend payout ratio (DPR) is 54.85%.

About Gildan Activewear

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.