Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$64.93 and last traded at C$65.35, with a volume of 22664 shares. The stock had previously closed at C$65.98.
Analyst Ratings Changes
Several analysts have recently issued reports on GIL shares. Desjardins set a C$108.00 price target on Gildan Activewear and gave the stock a “buy” rating in a research note on Tuesday, July 28th. National Bank Financial raised their price objective on Gildan Activewear from C$105.00 to C$107.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$89.50.
Get Our Latest Stock Report on Gildan Activewear
Gildan Activewear Stock Down 0.6%
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share (EPS) for the quarter. The company had revenue of C$1.13 billion for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. As a group, equities research analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.
Gildan Activewear Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 14th were issued a $0.249 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Gildan Activewear’s dividend payout ratio (DPR) is 186.27%.
Insider Buying and Selling
In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the completion of the transaction, the insider directly owned 2,243 shares in the company, valued at C$170,310.99. The trade was a 78.10% decrease in their ownership of the stock. 2.26% of the stock is currently owned by corporate insiders.
Gildan Activewear Company Profile
Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.
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