Gildan Activewear (TSE:GIL) Sets New 12-Month Low – Should You Sell?

Shares of Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) reached 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. The stock had previously closed at C$65.05.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. National Bank Financial upped their target price on shares of Gildan Activewear from C$105.00 to C$107.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Desjardins set a C$108.00 price target on shares of Gildan Activewear and gave the company a “buy” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$89.50.

Gildan Activewear Stock Up 1.0%

The company has a market capitalization of C$10.74 billion, a P/E ratio of 113.71, a PEG ratio of 4.55 and a beta of 1.44. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. The company has a 50 day simple moving average of C$72.89 and a two-hundred day simple moving average of C$76.52.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. The company had revenue of C$1.13 billion for the quarter. Gildan Activewear had a net margin of 1.33% and a return on equity of 2.12%. As a group, equities analysts predict 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 dividend of $0.2490 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, August 20th. Gildan Activewear’s dividend payout ratio is presently 186.27%.

Insiders Place Their Bets

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the transaction, the insider directly owned 2,243 shares of the company’s stock, valued at approximately C$170,310.99. The trade was a 78.10% decrease in their position. 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.