Gildan Activewear (TSE:GIL) Reaches New 1-Year High – Still a Buy?

by · The Markets Daily

Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL) shares hit a new 52-week high on Tuesday . The company traded as high as C$87.04 and last traded at C$85.39, with a volume of 241437 shares trading hands. The stock had previously closed at C$82.61.

Analyst Upgrades and Downgrades

GIL has been the subject of several research analyst reports. Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$60.00 to C$63.00 in a report on Monday, October 20th. National Bankshares increased their target price on Gildan Activewear from C$91.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, TD Securities lifted their price target on Gildan Activewear from C$73.00 to C$74.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Buy” and an average price target of C$77.25.

Get Our Latest Report on Gildan Activewear

Gildan Activewear Trading Up 2.4%

The stock has a 50-day moving average of C$82.03 and a two-hundred day moving average of C$75.87. The company has a market cap of C$16.50 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 4.55 and a beta of 1.45. 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 (TSE:GIL – Get Free Report) (NYSE:GIL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.The firm had revenue of C$1.27 billion during the quarter. On average, equities research analysts predict that Gildan Activewear Inc. will post 4.5460385 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Gildan Activewear’s dividend payout ratio is presently 28.39%.

About Gildan Activewear

(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.

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