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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$57.20.

A number of brokerages have weighed in on GIL. National Bankshares boosted their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group upgraded shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th.

Insider Activity at Gildan Activewear

In other news, Senior Officer Jason De Haan sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total transaction of C$1,040,179.14. Also, Director Michener Chandlee bought 736 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were bought at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is currently owned by corporate insiders.

Gildan Activewear Price Performance

Shares of GIL opened at C$74.54 on Friday. The stock has a market capitalization of C$12.12 billion, a P/E ratio of 22.80, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear has a twelve month low of C$44.07 and a twelve month high of C$75.06. The company has a 50 day moving average of C$69.33 and a 200-day moving average of C$63.80. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$1.16 EPS for the quarter, meeting analysts’ consensus estimates of C$1.16. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, equities research analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a $0.205 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.82 annualized dividend and a yield of 1.10%. Gildan Activewear’s dividend payout ratio (DPR) is presently 33.94%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.