National Bankshares Boosts Gildan Activewear (TSE:GIL) Price Target to C$68.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price raised by National Bankshares from C$58.00 to C$68.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

GIL has been the subject of a number of other research reports. Citigroup boosted their price objective 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. TD Securities boosted their price objective on Gildan Activewear from C$46.00 to C$50.00 and gave the company a buy rating in a report on Friday, August 2nd. BMO Capital Markets upgraded Gildan Activewear to a strong-buy rating in a report on Friday, August 2nd. Finally, Desjardins boosted their price objective on Gildan Activewear from C$63.00 to C$67.00 and gave the company a buy rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average price target of C$56.00.

Gildan Activewear Price Performance

Shares of Gildan Activewear stock opened at C$65.55 on Wednesday. The stock has a market cap of C$10.66 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The stock has a 50 day moving average price of C$60.01 and a 200-day moving average price of C$53.71. Gildan Activewear has a one year low of C$37.78 and a one year high of C$65.67.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.02. The firm had revenue of C$1.18 billion during the quarter, compared to analysts’ expectations of C$1.17 billion. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%. Equities analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.71%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, August 22nd. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Insider Transactions at Gildan Activewear

In related news, Senior Officer Rhodri Harries sold 32,500 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. In related news, Senior Officer Rhodri Harries sold 32,500 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Also, Director Michener Chandlee acquired 1,196 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of C$40.85 per share, with a total value of C$48,856.60. In the last three months, insiders sold 101,620 shares of company stock valued at $4,870,471. Corporate insiders own 2.26% of the company’s stock.

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.