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

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$57.20.

Several equities analysts recently commented on GIL shares. Citigroup raised their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. National Bankshares lifted their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Insiders Place Their Bets

In other Gildan Activewear news, Senior Officer Jason De Haan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$69.35, for a total value of C$1,040,179.14. Also, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total transaction of C$693,102.00. Insiders own 2.26% of the company’s stock.

Gildan Activewear Stock Up 0.7 %

Shares of GIL opened at C$67.76 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The company has a 50-day moving average price of C$68.34 and a two-hundred day moving average price of C$61.56. The stock has a market cap of C$11.02 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 12 month low of C$41.32 and a 12 month high of C$71.10.

Gildan Activewear Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.82 dividend on an annualized basis and a yield of 1.21%. Gildan Activewear’s dividend payout ratio is 33.94%.

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.