Gildan Activewear (GIL) Sets New 52-Week High at $49.45

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$49.45 and last traded at C$49.35, with a volume of 122721 shares trading hands. The stock had previously closed at C$49.11.

Several equities analysts recently weighed in on GIL shares. Desjardins downgraded Gildan Activewear from a “buy” rating to a “hold” rating and raised their price objective for the company from C$44.00 to C$45.00 in a research note on Monday, February 4th. National Bank Financial lifted their target price on Gildan Activewear from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Friday, February 15th. Finally, BMO Capital Markets lifted their target price on Gildan Activewear from C$33.00 to C$36.00 in a research note on Friday, February 22nd.

The company has a quick ratio of 1.21, a current ratio of 3.99 and a debt-to-equity ratio of 36.26. The stock has a market capitalization of $10.13 billion and a PE ratio of 29.76.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, February 21st. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.57. The business had revenue of C$981.74 million for the quarter, compared to analyst estimates of C$934.50 million. Research analysts expect that Gildan Activewear Inc will post 2.08999995139535 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a dividend of $0.134 per share. The ex-dividend date was Wednesday, March 6th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.11. This represents a $0.54 annualized dividend and a dividend yield of 1.09%. Gildan Activewear’s payout ratio is currently 27.00%.

In related news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of C$46.41, for a total transaction of C$464,100.00. Following the sale, the insider now owns 127,218 shares of the company’s stock, valued at C$5,904,187.38. Also, Director Michael Hoffman sold 35,504 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of C$46.41, for a total value of C$1,647,740.64. Following the sale, the director now directly owns 30,056 shares in the company, valued at approximately C$1,394,898.96. Over the last quarter, insiders have sold 120,504 shares of company stock valued at $5,652,591.

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Gildan Activewear Company Profile (TSE:GIL)

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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