Gildan Activewear Inc. (TSE:GIL) Receives C$68.67 Average PT from Brokerages

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$73.00.

A number of research firms recently commented on GIL. Royal Bank Of Canada raised shares of Gildan Activewear to a “moderate buy” rating in a research report on Tuesday, August 5th. Desjardins decreased their price objective on Gildan Activewear from C$87.00 to C$80.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. National Bankshares raised their price objective on Gildan Activewear from C$80.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank upgraded Gildan Activewear to a “strong-buy” rating in a research note on Wednesday, May 28th. Finally, Barclays raised Gildan Activewear to a “strong-buy” rating in a research report on Monday, April 28th.

Gildan Activewear Stock Up 2.8%

TSE:GIL opened at C$77.75 on Tuesday. The company’s 50-day simple moving average is C$68.88 and its 200-day simple moving average is C$67.61. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear has a fifty-two week low of C$52.77 and a fifty-two week high of C$79.61. The stock has a market capitalization of C$8.44 billion, a P/E ratio of 20.85, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 21st. Gildan Activewear’s payout ratio is presently 29.76%.

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.