Gildan Activewear Inc. (TSE:GIL) Declares Quarterly Dividend of $0.25

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Wednesday, May 20th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be given a dividend of 0.249 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, May 20th.

Gildan Activewear Stock Performance

TSE:GIL opened at C$77.71 on Monday. Gildan Activewear has a 52 week low of C$62.80 and a 52 week high of C$100.44. The firm has a 50 day moving average of C$79.86 and a 200 day moving average of C$84.62. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 147.07. The stock has a market capitalization of C$14.39 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 4.55 and a beta of 1.62.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GIL shares. TD Securities raised their price target on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Desjardins raised their price target on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, National Bank Financial raised their price target on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gildan Activewear currently has an average rating of “Moderate Buy” and an average target price of C$88.00.

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.