Gildan Activewear Inc. (TSE:GIL) Plans $0.21 Quarterly Dividend

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Thursday, November 21st,TickerTech Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.205 per share on Monday, December 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, November 21st.

Gildan Activewear Price Performance

TSE GIL opened at C$68.14 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52. Gildan Activewear has a 1 year low of C$41.32 and a 1 year high of C$70.15. The company has a market cap of C$11.08 billion, a PE ratio of 20.84, a PEG ratio of 4.55 and a beta of 1.64. The stock’s 50-day moving average price is C$64.83 and its two-hundred day moving average price is C$56.88.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

GIL has been the subject of several research analyst reports. National Bankshares upped their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a report on Friday, August 2nd. Citigroup lifted their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Desjardins increased their price objective on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, TD Securities lifted their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Gildan Activewear has a consensus rating of “Buy” and an average target price of C$57.20.

About Gildan Activewear

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.