Shares of Gildan Activewear Inc. (TSE:GIL – Get Rating) (NYSE:GIL) have received an average rating of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$50.67.
A number of research firms have weighed in on GIL. Desjardins decreased their price objective on shares of Gildan Activewear from C$55.00 to C$53.00 in a research report on Friday, August 5th. National Bankshares lifted their price target on Gildan Activewear from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a research note on Friday, August 5th.
Get Gildan Activewear alerts:Gildan Activewear Stock Performance
TSE:GIL opened at C$38.88 on Monday. The company has a debt-to-equity ratio of 50.86, a current ratio of 3.11 and a quick ratio of 1.20. The firm has a 50-day moving average of C$39.67 and a two-hundred day moving average of C$40.79. The stock has a market cap of C$7.06 billion and a P/E ratio of 8.49. Gildan Activewear has a 1-year low of C$33.83 and a 1-year high of C$55.13.
Gildan Activewear (TSE:GIL – Get Rating) (NYSE:GIL) last posted its quarterly earnings data on Thursday, August 4th. The company reported C$1.10 earnings per share for the quarter, beating analysts' consensus estimates of C$1.02 by C$0.08. The firm had revenue of C$1.14 billion during the quarter, compared to analysts' expectations of C$1.06 billion. On average, research analysts expect that Gildan Activewear will post 4.3899997 earnings per share for the current fiscal year.Gildan Activewear Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 25th were issued a $0.216 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.86 dividend on an annualized basis and a yield of 2.22%. Gildan Activewear's dividend payout ratio is currently 14.10%.
Gildan Activewear Company Profile
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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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.
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