National Bankshares Analysts Give Gildan Activewear (TSE:GIL) a C$83.00 Price Target

National Bankshares set a C$83.00 price objective on Gildan Activewear (TSE:GIL) (NYSE:GIL) in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on GIL. Desjardins lifted 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 report on Thursday, February 20th. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$68.50.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at C$64.73 on Wednesday. The firm’s 50 day simple moving average is C$72.66 and its 200-day simple moving average is C$68.48. The company has a market cap of C$7.03 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. Gildan Activewear has a fifty-two week low of C$44.23 and a fifty-two week high of C$79.11.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released 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 period in the prior year, the company earned $0.75 EPS. As a group, equities research analysts predict that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Increases Dividend

The business 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 dividend of $0.226 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 1.40%. Gildan Activewear’s payout ratio is presently 29.76%.

Insiders Place Their Bets

In other Gildan Activewear news, Senior Officer John Maness sold 1,661 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$68.77, for a total value of C$114,234.28. Also, Senior Officer Michael Schroeder sold 4,184 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total transaction of C$310,923.50. Following the completion of the sale, the insider now directly owns 51 shares of the company’s stock, valued at C$3,789.94. This represents a 98.80 % decrease in their ownership of the stock. Insiders sold 110,144 shares of company stock valued at $8,568,586 over the last ninety days. Corporate insiders own 2.26% of the company’s stock.

About Gildan Activewear

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.