Weekly Research Analysts’ Ratings Updates for Gildan Activewear (GIL)

Several analysts have recently updated their ratings and price targets for Gildan Activewear (TSE: GIL):

• 8/6/2024 – Gildan Activewear had its price target raised by analysts at Desjardins from C$63.00 to C$67.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Gildan Activewear was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating.
• 8/2/2024 – Gildan Activewear had its price target raised by analysts at National Bankshares, Inc. from C$57.00 to C$58.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Gildan Activewear had its price target raised by analysts at TD Securities from C$46.00 to C$50.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Gildan Activewear had its price target raised by analysts at Desjardins from C$55.00 to C$63.00. They now have a “buy” rating on the stock.

Gildan Activewear Price Performance

The stock has a market cap of C$9.35 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear Inc. has a 1 year low of C$36.42 and a 1 year high of C$58.46. The stock has a 50 day simple moving average of C$54.29 and a 200-day simple moving average of C$50.37. 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 posted its earnings results on Thursday, August 1st. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. The firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. On average, research analysts expect that Gildan Activewear Inc. will post 4.2801183 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid a dividend of $0.28 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, August 22nd. This represents a $1.12 annualized dividend and a dividend yield of ∞. Gildan Activewear’s dividend payout ratio is presently 34.24%.

Insider Buying and Selling

In other news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of C$37.06, for a total transaction of C$161,200.13. In other Gildan Activewear news, Senior Officer Jason De Haan sold 19,105 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$42.05, for a total transaction of C$803,365.25. Also, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of Gildan Activewear stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total transaction of C$161,200.13. Over the last 90 days, insiders have sold 102,168 shares of company stock worth $4,161,893. 2.26% of the stock is owned by insiders.

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.