Gildan Activewear Inc. (TSE:GIL) Given Average Rating of “Buy” by Analysts

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$85.75.

GIL has been the subject of several research analyst reports. Desjardins lifted their target price on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. TD Securities raised their price objective on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, February 27th.

Gildan Activewear Price Performance

Gildan Activewear stock opened at C$75.57 on Wednesday. Gildan Activewear has a 52 week low of C$52.77 and a 52 week high of C$100.44. The business has a 50-day simple moving average of C$89.59 and a 200 day simple moving average of C$85.11. The company has a quick ratio of 0.87, a current ratio of 2.11 and a debt-to-equity ratio of 137.08. The stock has a market cap of C$13.99 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 4.55 and a beta of 1.39.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, February 26th. The company reported C$1.31 earnings per share for the quarter. The business had revenue of C$1.41 billion for the quarter. Gildan Activewear had a return on equity of 20.25% and a net margin of 11.00%. On average, research analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, April 13th will be paid a $0.249 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 19th. Gildan Activewear’s payout ratio is currently 34.64%.

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.