Gildan Activewear (TSE:GIL) Stock Passes Above 50-Day Moving Average – Time to Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$75.48 and traded as high as C$76.07. Gildan Activewear shares last traded at C$75.50, with a volume of 912,401 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. National Bank Financial boosted their target price on shares of Gildan Activewear from C$105.00 to C$107.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Desjardins set a C$108.00 target price on Gildan Activewear and gave the company a “buy” rating in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$89.50.

Gildan Activewear Stock Down 0.7%

The business has a fifty day moving average price of C$75.47 and a two-hundred day moving average price of C$80.69. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 145.29. The company has a market cap of C$13.67 billion, a price-to-earnings ratio of 144.76, a P/E/G ratio of 4.55 and a beta of 1.51.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The business had revenue of C$1.13 billion during the quarter. On average, equities analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 14th will be issued a $0.249 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Gildan Activewear’s dividend payout ratio is currently 186.27%.

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.