Gildan Activewear (TSE:GIL) Sets New 52-Week High – Should You Buy?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$76.20 and last traded at C$74.66, with a volume of 94222 shares. The stock had previously closed at C$75.13.

Analyst Upgrades and Downgrades

Several analysts recently commented on GIL shares. UBS Group raised shares of Gildan Activewear from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. National Bankshares increased their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$57.20.

Gildan Activewear Trading Down 0.8 %

The business has a 50-day moving average of C$69.89 and a 200-day moving average of C$64.58. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The stock has a market cap of C$12.12 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, November 21st. Gildan Activewear’s dividend payout ratio is 33.94%.

Insider Buying and Selling

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is currently owned by corporate insiders.

Gildan Activewear Company Profile

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.