Gildan Activewear (TSE:GIL) Issues Earnings Results

Gildan Activewear (TSE:GIL) (NYSE:GIL) announced its quarterly earnings data on Thursday. The company reported C$1.82 earnings per share (EPS) for the quarter, FiscalAI reports. Gildan Activewear had a net margin of 6.14% and a return on equity of 10.08%. The business had revenue of C$1.13 billion during the quarter.

Gildan Activewear Trading Down 1.7%

GIL stock traded down C$1.25 during mid-day trading on Thursday, reaching C$70.58. The company had a trading volume of 620,336 shares, compared to its average volume of 608,598. The company has a debt-to-equity ratio of 147.07, a current ratio of 2.35 and a quick ratio of 0.87. The company has a market capitalization of C$13.07 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 4.55 and a beta of 1.50. The firm has a 50 day moving average of C$76.66 and a 200 day moving average of C$82.31. Gildan Activewear has a 12 month low of C$63.41 and a 12 month high of C$100.44.

Gildan Activewear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.249 dividend. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Gildan Activewear’s payout ratio is 54.85%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GIL. National Bank Financial increased their price target on Gildan Activewear from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Desjardins set a C$108.00 price objective on Gildan Activewear and gave the company a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Moderate Buy” and an average price target of C$88.00.

Insider Activity at Gildan Activewear

In related news, Director Deepak Kumar Khandelwal purchased 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately C$399,000. The trade was a ? increase in their position. Company insiders own 2.26% of the company’s stock.

About Gildan Activewear

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.