Gildan Activewear (TSE:GIL) Hits New 12-Month Low – Should You Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price reached a new 52-week low on Monday. The stock traded as low as C$56.46 and last traded at C$57.37, with a volume of 2,280,781 shares changing hands. The stock had previously closed at C$57.85.

Wall Street Analysts Forecast Growth

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

Gildan Activewear Stock Down 0.1%

The company has a 50 day moving average price of C$67.98 and a two-hundred day moving average price of C$74.36. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87. The stock has a market cap of C$10.70 billion, a PE ratio of 113.27, a PEG ratio of 4.55 and a beta of 1.63.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. The company had revenue of C$1.13 billion during the quarter. Analysts expect that Gildan Activewear Inc. will post 4.55 EPS for the current year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were issued a dividend of $0.2490 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 20th. Gildan Activewear’s dividend payout ratio (DPR) is presently 186.27%.

Insider Activity

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of Gildan Activewear stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the sale, the insider directly owned 2,243 shares in the company, valued at C$170,310.99. The trade was a 78.10% decrease in their ownership of the stock. 2.26% of the stock is currently owned by insiders.

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.