Several other research firms have also commented on GIL. BMO Capital Markets reduced their price target on Gildan Activewear from C$34.00 to C$30.00 and set a market perform rating for the company in a research report on Friday, November 3rd. National Bank Financial boosted their target price on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$39.21.
Shares of Gildan Activewear (GIL) opened at C$40.45 on Friday. The firm has a market capitalization of $8,910.00, a price-to-earnings ratio of 19.45 and a beta of 0.37. Gildan Activewear has a 1 year low of C$30.97 and a 1 year high of C$42.18.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 16th were issued a $0.121 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. Gildan Activewear’s dividend payout ratio is presently 17.24%.
In other Gildan Activewear news, insider Jonathan Roiter sold 12,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$38.80, for a total transaction of C$465,600.00. Also, Director Glenn J. Chamandy sold 54,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total value of C$2,075,760.00. Insiders sold a total of 99,136 shares of company stock valued at $3,813,615 in the last ninety days.
Gildan Activewear Company Profile
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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