Brokerages Set Gildan Activewear Inc. (TSE:GIL) PT at C$68.50

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$68.50.

Several brokerages have recently weighed in on GIL. National Bankshares set a C$83.00 target price on shares of Gildan Activewear and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Finally, Desjardins increased their target price on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 100,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$78.08, for a total value of C$7,808,000.00. Also, Senior Officer John Maness sold 1,661 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total transaction of C$114,234.28. Insiders sold a total of 110,144 shares of company stock worth $8,568,586 over the last 90 days. Company insiders own 2.26% of the company’s stock.

Gildan Activewear Price Performance

Shares of GIL opened at C$67.00 on Friday. Gildan Activewear has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11. The company has a market capitalization of C$7.28 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The firm has a 50-day simple moving average of C$72.79 and a 200-day simple moving average of C$68.42. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities research analysts anticipate that Gildan Activewear will post 4.5460385 earnings per share for the current year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, April 7th will be given a $0.226 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a yield of 1.35%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. Gildan Activewear’s dividend payout ratio (DPR) is presently 29.76%.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.