Stifel Nicolaus Increases Gildan Activewear (GIL) Price Target to C$37.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective increased by Stifel Nicolaus from C$34.00 to C$37.00 in a research note published on Friday, December 15th.

Other equities analysts have also issued research reports about the company. National Bank Financial raised their price target on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a sector perform rating in a report on Friday, November 3rd. BMO Capital Markets lowered their price target on Gildan Activewear from C$34.00 to C$30.00 and set a market perform rating on the stock in a report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of C$39.21.

Shares of Gildan Activewear (TSE GIL) opened at C$40.61 on Friday. Gildan Activewear has a 52 week low of C$30.97 and a 52 week high of C$42.18. The stock has a market capitalization of $8,910.00, a price-to-earnings ratio of 19.25 and a beta of 0.37.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 16th were given a dividend of $0.121 per share. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, November 15th. Gildan Activewear’s payout ratio is currently 16.99%.

In other news, Director Michael Hoffman sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total transaction of C$1,152,300.00. Also, Director Glenn J. Chamandy sold 54,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total transaction of C$2,075,760.00. Insiders have sold a total of 99,136 shares of company stock valued at $3,813,615 over the last 90 days.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at

About Gildan Activewear

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with's FREE daily email newsletter.

Leave a Reply