Gildan Activewear Inc. (TSE:GIL – Get Free Report) (NYSE:GIL) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$56.75 and last traded at C$58.19, with a volume of 964386 shares changing hands. The stock had previously closed at C$65.05.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Desjardins set a C$108.00 price target on shares of Gildan Activewear and gave the stock a “buy” rating in a research note on Tuesday, July 28th. National Bank Financial lifted their price objective on shares of Gildan Activewear from C$105.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Gildan Activewear presently has an average rating of “Moderate Buy” and a consensus target price of C$89.50.
View Our Latest Report on Gildan Activewear
Gildan Activewear Trading Down 11.5%
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last posted its earnings results on Thursday, July 30th. The company reported C$1.82 earnings per share for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The firm had revenue of C$1.13 billion for the quarter. Equities analysts forecast that Gildan Activewear Inc. will post 4.5460385 EPS for the current year.
Gildan Activewear Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 20th. Gildan Activewear’s dividend payout ratio is currently 186.27%.
Insider Activity
In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the sale, the insider owned 2,243 shares of the company’s stock, valued at C$170,310.99. This trade represents a 78.10% decrease in their position. Corporate insiders own 2.26% of the company’s stock.
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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