Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$72.71 and last traded at C$72.30, with a volume of 95073 shares traded. The stock had previously closed at C$72.00.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on GIL. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Citigroup raised their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, National Bankshares upped their price target on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$57.20.
View Our Latest Stock Analysis on GIL
Gildan Activewear Price Performance
Gildan Activewear Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given 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 dividend yield of 1.13%. Gildan Activewear’s dividend payout ratio is presently 33.94%.
Insider Transactions at Gildan Activewear
In related news, Senior Officer Benito Masi sold 10,000 shares of the firm’s 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 value of C$693,102.00. Also, Director Michener Chandlee bought 736 shares of the stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of C$67.83 per share, for a total transaction of C$49,920.57. 2.26% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Gildan Activewear
- What is the S&P/TSX Index?
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Industrial Products Stocks Investing
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- Find and Profitably Trade Stocks at 52-Week Lows
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
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 MarketBeat.com's FREE daily email newsletter.