Analysts Set Gildan Activewear Inc. (TSE:GIL) Target Price at C$88.00

by · The Cerbat Gem

Shares of Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$88.00.

Several equities research analysts have weighed in on the stock. National Bank Financial raised their price objective on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Desjardins set a C$108.00 target price on shares of Gildan Activewear and gave the stock a “buy” rating in a research report on Tuesday.

Read Our Latest Stock Analysis on GIL

Gildan Activewear Price Performance

TSE:GIL opened at C$73.37 on Tuesday. The firm has a market cap of C$13.59 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 4.55 and a beta of 1.50. Gildan Activewear has a 12 month low of C$63.41 and a 12 month high of C$100.44. 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 company’s 50-day moving average price is C$76.52 and its two-hundred day moving average price is C$82.21.

Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last released its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. The business had revenue of C$1.13 billion during the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%. On average, equities analysts anticipate that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.249 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Gildan Activewear’s dividend payout ratio (DPR) is currently 54.85%.

Insiders Place Their Bets

In related news, Director Deepak Kumar Khandelwal acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of C$79.80 per share, for a total transaction of C$399,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$399,000. This trade represents a ∞ increase in their position. 2.26% of the stock is owned by company insiders.

Gildan Activewear Company Profile

(Get Free Report)

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.

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