Gildan Activewear (TSE:GIL) Upgraded to Strong-Buy at UBS Group

UBS Group upgraded shares of Gildan Activewear (TSE:GIL) (NYSE:GIL) from a hold rating to a strong-buy rating in a report published on Friday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. National Bankshares boosted their target price on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup increased their price target on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$57.20.

Gildan Activewear Stock Up 3.0 %

Shares of Gildan Activewear stock opened at C$69.67 on Friday. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. Gildan Activewear has a 1-year low of C$41.32 and a 1-year high of C$71.10. The business has a 50-day moving average of C$68.38 and a 200-day moving average of C$62.10. The company has a market capitalization of C$11.33 billion, a PE ratio of 21.31, a P/E/G ratio of 4.55 and a beta of 1.64.

Gildan Activewear Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.82 annualized dividend and a dividend yield of 1.18%. Gildan Activewear’s payout ratio is 33.94%.

Insider Buying and Selling at Gildan Activewear

In other news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. Also, Senior Officer Jason De Haan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$69.35, for a total value of C$1,040,179.14. Insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.