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.
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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.
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